Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade within a range, mirroring the cautious sentiment visible in the underlying cash market.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng noted that market volatility is likely to endure as investors keep a close watch on geopolitical developments and crude oil price fluctuations.

Thong emphasized that in the absence of definitive catalysts, trading is predicted to remain selective, with a focus on defensive and commodity-linked sectors. He identified immediate support around the 1,680 level and resistance near 1,730, as the market seeks direction from global cues.

Recent data indicates that on a Friday-to-Friday basis, FBM KLCI futures contracts for April 2026 and September 2026 decreased by 11.0 points to 1,700.0 and 1,680.5, respectively. Meanwhile, May 2026 stood at 1,701.0, and June 2026 fell by 8.5 points to 1,698.5.

Weekly turnover showed a decline, dropping to 54,581 lots from 168,213 lots the previous week. Additionally, open interest weakened to 35,688 contracts on Friday, down from 102,348 contracts a week earlier. The FBM KLCI itself dropped 17.15 points to 1,695.50 from 1,712.65 over the same period.