KLCI futures likely to trend upward next week


In its weekly fund flow report, MIDF Research said that foreign investors acquired RM273.3mil worth of Malaysian equities in net value last week. The figure, which excluded off market trades, was more than three times the amount acquired in the preceding week worth RM86.6mil.

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is expected to trend higher next week, tracking the positive underlying cash market.

A dealer said the benchmark FBM KLCI is likely to trend upward as sentiment for riskier assets remains bullish amid positive external developments.

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