By Niam Seet Wei

KUALA LUMPUR, Nov 17 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to track the anticipated flat cash market amid quiet trading next week, said a dealer.

Rakuten Trade Sdn Bhd Head of Research, Kenny Yee said the underlying cash market is also expected to see profit-taking activities due to the recent gains on the local bourse.

"However, Bursa Malaysia would likely be supported by the weak ringgit against the US dollar, as it would mae local stocks more attractive to foreign investors," he told Bernama.   

On a Friday-to-Friday basis, November 2018 fell 3.5 points to 1,705.5, December 2018 went down 3.0 points to 1,704.0,  March 2019 erased 5.5 points to 1,696.5 and June 2019 was 6.5 points weaker at 1,692.5.

Turnover for the week widened to 29,683 lots from 27,657 lots last week, while open interest increased to 34,921 contracts versus 29,084 contracts previously.

The benchmark FBM KLCI settled 1.71 points easier at 1,706.38 compared with 1,708.09 in the previous week.

The market will be closed next Tuesday (Nov 20) for Prophet Muhammad's birthday. 

-- BERNAMA