Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


KLCI futures contracts close lower

Bursa Community :: Community News

Go down

KLCI futures contracts close lower Empty KLCI futures contracts close lower

Post by Cals Sat 01 Mar 2014, 01:45

KLCI futures contracts close lower
Business & Markets 2014
Written by Bernama   
Friday, 28 February 2014 19:33

KUALA LUMPUR (Feb 28): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives, closed lower today, despite the rebound in the underlying cash market, which followed overnight gains in US markets.

Phillip Futures Sdn Bhd Dealer, Elky Liam Kian Yap, said investors remained cautious on Ukraine’s political crisis and its impact on world markets.

"Emerging markets remain weak today. Even the US benchmark stock index recorded its historical high, overnight.

"In near term, we expect the FKLI futures contracts to meet strong resistance, at between 1,840 and 1,850 points," he told Bernama. 

Spot month February 2014, fell a point to 1,833, and March 2014 lost 2.5 points to 1,833.5.

June 2014 and September 2014 decreased two points each, to 1,830 and 1,826 respectively.

Turnover fell to 11,366 lots, from Thursday's 12,144 lots, while open interest decreased to 45,614 contracts, from 47,641 contracts yesterday.

The underlying FBM KLCI ended four points better, at 1,835.66 points.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum