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KLCI futures close lower on weak cash market
by hlk Wed 11 Dec 2013, 19:40
Business & Markets 2013
Written by Bernama
Wednesday, 11 December 2013 19:28
A + A - Reset
KUALA LUMPUR (Dec 11): The FTSE Bursa Malaysia KLCI (FBM KLCI)
futures contracts on Bursa Malaysia Derivatives closed lower today, in sync
with the weaker underlying cash market, dealers said.
Phillip Futures Sdn Bhd dealer Tan Sek Wei said the overnight losses on Wall
Street had influenced the local market to finish weaker, as traders look ahead
to the Federal Reserve meeting next week, in the absence of market-moving
economic data.
"However, the damage was minimal, hardly altering the recent sharp gains.
The FKLI July 2014 contract dropped five points today.
"A small pull-back after a big rally is no cause for concern...The rally remains
firmly intact," he told Bernama.
Spot month December 2013, March 2014 and June 2014, all fell 5.5 points each to 1,836.5, 1,835.5 and 1,827.5 respectively, while
January 2014 lost five points to 1,838.
Turnover rose to 4,513 lots from 4,192 lots on Tuesday, while open interest increased to 46,245 contracts, from 45,490 contracts
yesterday.
The underlying FBM KLCI ended the day 1.03 points lower, at 1,842.82.
Written by Bernama
Wednesday, 11 December 2013 19:28
A + A - Reset
KUALA LUMPUR (Dec 11): The FTSE Bursa Malaysia KLCI (FBM KLCI)
futures contracts on Bursa Malaysia Derivatives closed lower today, in sync
with the weaker underlying cash market, dealers said.
Phillip Futures Sdn Bhd dealer Tan Sek Wei said the overnight losses on Wall
Street had influenced the local market to finish weaker, as traders look ahead
to the Federal Reserve meeting next week, in the absence of market-moving
economic data.
"However, the damage was minimal, hardly altering the recent sharp gains.
The FKLI July 2014 contract dropped five points today.
"A small pull-back after a big rally is no cause for concern...The rally remains
firmly intact," he told Bernama.
Spot month December 2013, March 2014 and June 2014, all fell 5.5 points each to 1,836.5, 1,835.5 and 1,827.5 respectively, while
January 2014 lost five points to 1,838.
Turnover rose to 4,513 lots from 4,192 lots on Tuesday, while open interest increased to 46,245 contracts, from 45,490 contracts
yesterday.
The underlying FBM KLCI ended the day 1.03 points lower, at 1,842.82.
hlk- Moderator
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