KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives is expected to be well bid next week with the key index expected to test the 1,850-points level.

A local senior trader said as such, he is recommending that investors continue to go long (buy) on the index futures, or adopt a "buy on dip" strategy.

On a Friday-to-Friday basis, contract month April 2015 rose eight points to 1,846, May 2015 added seven points to 1,843.5, June 2015 advanced 8.5 points to 1,840.5, while September 2015 bagged 6.5 points to 1,835.

Turnover for the week rose to 25,715 lots from 23,954 lots last week, while open interest grew to 36,157 contracts from 34,619 contracts, previously.

For the week just-ended, the benchmark FBM KLCI advanced 1.55 points to 1,845.86. - BERNAMA