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KLCI futures close higher
by Cals Wed 09 Oct 2013, 01:52
| KLCI futures close higher |
| Business & Markets 2013 |
| Written by Bernama |
| Tuesday, 08 October 2013 18:43 KUALA LUMPUR (Oct 8): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives redeemed recent losses to close higher today, in sync with the underlying cash market. Phillip Futures Sdn Bhd dealer, Liam Kian Yap, said the futures index gained interest as traders followed the rise in Asian shares, after data showed China's services industry had continued to expand. "Gains, were however limited, as investors stayed sidelined, ahead of the UMNO elections on Oct 19 and the Budget 2014 announcement on Oct 25," he told Bernama. At the close, October 2013, December 2013 and March 2014 earned two points each to 1,779, 1,779 and 1,774.5, respectively, while November 2013 rose three points to 1,779.5. Turnover expanded to 4,258 lots from Monday's 4,008 lots, while open interest improved to 45,441 contracts, from 45,042 contracts yesterday. The underlying FBM KLCI ended the day, 0.68 of a point better at 1,777.5. |
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