KLCI futures expected to retest 1,600 level next week

KLCI futures expected to retest 1,600 level next week

The Edge Markets - Malaysia·2021-03-06 15:02

KUALA LUMPUR (March 6): The FBM KLCI futures contract is likely to move on the upside bias next week, tracking the expected better performance of the underlying cash market, a dealer said.

He said the market is expected to stage a rebound on strong external factors, such as higher crude oil prices and a recent decision by Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 1.75%.

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