KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is set to recover gradually next week, in sync with the improvement expected in the underlying cash market. As such, UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan expects the FBM KLCI to retest the 1,670 level supported by strengthening market sentiments as the week progresses. 'With the nonfarm payroll reports, the market now expects a significant 50 basis points rate cut this month, based on CME Fed Watch data following the nonfarm payroll report,' he highlighted. For the week just ended, the September 2024 contract dipped 36 points to 1,635.5, the newly introduced October note ended the week at 1,638.5 while December 2024 lost 35 points to 1,642.5 and March 2025 was 34 points weaker at 1,628.5. Turnover dropped to 39,004 lots from 205,479 lots in the previous week, while open interest narrowed to 55,697 contracts from 65,635 contracts. Source: BERNAMA News Agency