KLCI futures to track underlying cash performance next week

KUALA LUMPUR, Nov 27 -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to track movement of the underlying cash market next week.  

The local bourse market is likely continue trading in a cautious mode with the key index expected to move between 1,500 and 1,520 points. 

For the week just ended, November 2021 trimmed 18.5 points to 1,508.0, December 2021 dropped 19.5 points to 1,506.5, March 2022 slumped 20.5 points to 1,498.0, and June 2022 shed 20 points to 1,493.0. 

Turnover widened to 85,998 lots from 21,954 lots in the previous week, while open interest surged to 76,816 contracts from 35,145 contracts previously.

On a Friday-to-Friday basis, the benchmark index eased 13.32 points to end the week at 1,512.22 from 1,525.54 previously.