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KLCI futures closes higher

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KLCI futures closes higher Empty KLCI futures closes higher

Post by Cals Thu 17 Oct 2013, 01:13

KLCI futures closes higher
Business & Markets 2013
Written by Bernama   
Wednesday, 16 October 2013 19:13

KUALA LUMPUR (Oct 14): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended higher today, in line with the firmer cash market, a dealer said.

Phillip Futures Sdn Bhd dealer Wong Teck Weng said the futures market closed higher than the cash market, as hopes remained for a deal on the US budget and debt ceiling stalemate.

"Most people still expect a last minute deal by US politicians. Market inched up cautiously, on hopes that the frantic talks in Washington would yield results, ahead of tomorrow's (Oct 17) deadline for the US to avert a debt default," he told Bernama.

At close, spot month October 2013 and November 2013 rose nine points each, to 1,798.5 and 1,797 respectively. December 2013 increased 11 points to 1,799, and March 2014 was 9.5 points higher at 1,795.5.

Turnover jumped to 5,018 lots, from 3,431 lots on Monday, while open interest rose to 46,786 contracts, from 44,839 contracts previously.
Meanwhile, the FBM KLCI ended 6.61 points higher, at 1,791.37.
Cals
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