Kuala lumpur: The FTSE Bursa Malaysia KLCI (FBM KLCI) is anticipated to trade within the 1,660-1,690 range in the coming week. Investors are closely monitoring developments in the global technology sector, geopolitical events, and foreign fund flows, which are likely to contribute to ongoing market volatility. An analyst has indicated that these elements are crucial in determining the market's direction.

According to BERNAMA News Agency, Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, highlighted that despite the volatility, the market's oversold conditions and attractive valuations could encourage bargain-hunting activity. This could provide some support to the market amidst the fluctuating conditions.

During the week that concluded, the FBM KLCI futures contracts mostly mirrored the cash market's lower performances. On a Friday-to-Friday basis, the June 2026 contract decreased by 48.0 points to 1,668.0. Similarly, the July 2026 contract fell by 47.5 points to 1,669.50, the September 2026 contract was down by 47.0 points to 1,650.0, and the December 2026 contract dropped 44 points to 1,653.0.

The weekly turnover saw a significant increase, reaching 146,493 lots compared to 32,203 lots the previous week. Open interest also rose sharply, climbing to 93,884 contracts from the previous week's 37,764 contracts. On a Friday-to-Friday basis, the benchmark index recorded a decline, slipping 44.29 points to 1,667.74 from 1,712.03 a week earlier.