Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is anticipated to continue its upward trend next week, buoyed by positive sentiment in the cash market, as highlighted by an analyst.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, noted that investors will be closely monitoring several key economic indicators in the upcoming week. These include China's industrial profit year-to-date figures, the Purchasing Managers Index, and the initial job claims data from the United States.

On the domestic scene, the benchmark index momentarily surpassed the psychological threshold of 1,600 on Friday, although it was unable to maintain this momentum. Thong remarked, "Breaking above the 1,600 level could pave the way toward the next resistance at 1,620. Nonetheless, the benchmark index is currently in an oversold position, so we do not rule out the possibility of profit-taking in the near future."

For the week, the spot-month contracts for August 2025 and December 2025 both increased by 27.0 points, reaching 1,604.0 and 1,582.5, respectively. The September 2025 contract rose by 26.5 points to 1,582.5, while the March 2026 contract climbed 24.5 points to 1,564.5.

The week's turnover decreased to 30,751 lots from 39,969 lots the previous week, whereas open interest saw an improvement, rising to 45,470 contracts from 44,964 contracts. On a weekly basis, the FBM KLCI increased by 21.23 points, closing at 1,597.47 on Friday, up from 1,576.34 the previous week.