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KLCI futures close higher
by Cals Thu 27 Jun 2013, 22:48
| KLCI futures close higher |
| Business & Markets 2013 |
| Written by Bernama |
| Thursday, 27 June 2013 18:59 |
KUALA LUMPUR (June 27): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed higher today, buoyed by the stronger cash market, amid easing external concerns dealers said.
Phillip Futures Sdn Bhd dealer, Tan Sek Wei, said the KLCI futures improved further as fears on China credit crunch eased.
"Spot month June 2013 contract gap rose from 1,737.5 to 1,743.5 and move up steadily to the highest on morning session," he told Bernama.
However, he said, the gain was limited in the second half but would probably move up further to test the previous high at 1,763 in the near-term.
June 2013 and September 2013 gained 10.5 points each to 1,748 and 1,751 respectively, July 2013 added 11 points to 1,750.5 and December 2013 advanced 14.5 points to 1,751.
Turnover declined to 16,256 lots from 24,108 lots Wednesday, while open interest stood at 49,661 contracts from 57,823 contracts previously.
The underlying FBM KLCI rose 10.81 points to end the day at 1,751.57.
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