Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are projected to trade with an upward bias in the upcoming week, maintaining a relatively narrow range consistent with the cash market, an analyst indicated. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan pointed out that the resilient domestic fundamentals are anticipated to continue bolstering the local market.

According to BERNAMA News Agency, softer-than-expected US inflation figures have alleviated concerns regarding further monetary policy tightening by the US Federal Reserve. Mohd Sedek Jantan highlighted that key elements to monitor include oil prices, developments in the US-Iran conflict, and China's July activity data.

The FBM KLCI futures concluded mostly lower for the week just ended. On a Friday-to-Friday basis, the August 2026 contract decreased by 3.5 points to 1,726.0. Concurrently, the September 2026 and December 2026 contracts fell by 2.5 points each to 1,705.0 and 1,706.5, respectively, while the March 2027 contract dropped five points to 1,689.0.

Weekly turnover fell to 30,907 lots from the previous week's 40,896 lots, and open interest decreased to 41,862 contracts from 49,170 contracts previously. The FBM KLCI itself lost 8.36 points, settling at 1,727.39 from 1,735.75 a week earlier.