Kuala Lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is anticipated to trade within a limited range in the coming week, which will be shortened due to public holidays, reflecting the cash market's performance.
According to BERNAMA News Agency, Mohd Sedek Jantan, head of investment research at UOB Kay Hian Wealth Advisors, stated that the market's attention next week will be on the United States' plan to implement a 25 percent tariff on all foreign-made cars, starting April 2, 2025. He also mentioned that the expiration of President Donald Trump's TikTok ban moratorium on April 5, 2025, could be used as leverage in ongoing tariff negotiations with China.
Mohd Sedek further noted that if the tariffs are implemented as expected, investor sentiment is likely to remain stable, supported by Malaysia's modest trade surplus and limited exposure. On a week-to-week basis, March 2025 saw an increase of 22.0 points to 1,522.0, April 2025 gained 9.5 points to 1,512.0, June 2025 rose by 1.0 point to 1,506.0, and September 2025 increased by 1.5 points to 1,493.5.
Turnover for the week increased to 207,315 lots from the previous week's 38,704 lots, while open interest expanded to 59,411 contracts from 54,340 contracts previously. The FBM KLCI closed at 1,513.65 on Friday, marking a rise of 8.20 points from 1,505.45 the previous week.
Bursa Malaysia and its subsidiaries will be closed on Monday and Tuesday (March 31 and April 1) in observance of the Aidilfitri public holidays, pending the official announcement by the Keeper of the Rulers' Seal.