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KLCI futures close higher, tracking underlying cash market
by Cals Thu 13 Feb 2014, 01:41
| KLCI futures close higher, tracking underlying cash market |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 12 February 2014 18:53 |
KUALA LUMPUR (Feb 12): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives, closed higher today, tracking the firmer underlying cash market.
Phillip Futures Sdn Bhd dealer, Tan Sek Wei, said the Federal Reserve (Fed) Chair Janet Yellen's expectations that the US central bank would continue trimming its bond purchases, was a sign that it believed the economy is on track for further growth.
"Given that Yellen emphasised on the continuity in the Fed's policy, it has removed the uncertainty of changes in the pace of tapering; this helped lift the equity market today," he told Bernama.
Spot month February 2014 rose three points to 1,823 points, March 2014 gained five points to 1,824.5, June 2014 rose four points to 1,821, and September 2014 added 3.5 points to 1,819 points.
Turnover dipped to 4,569 lots, from Tuesday's 5,197 lots, while open interest declined to 35,944 contracts, from 41,872 contracts yesterday.
The FTSE Bursa Malaysia KLCI (FBM KLCI) finished 1.47 points higher, at 1,825.64.
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» KLCI futures traded higher in early session tracking uptrend on underlying cash market
» KLCI futures close higher, tracking firmer cash market
» KLCI futures close higher, tracking firmer cash market
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