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KLCI futures end higher
by Cals Sun 13 Oct 2013, 21:09
| KLCI futures end higher |
| Business & Markets 2013 |
| Written by Bernama |
| Friday, 11 October 2013 19:27 |
Phillip Futures Sdn Bhd dealer Elky Liam Kian Yap said the rise in the local market, which was in line with major regional equities markets, was influenced by the overnight gains on Wall Street.
"In the near term, the index is likely to go back to the 1,800-point level, as the sentiment remains strong and a US default is unlikely.
"Support level for KLCI spot contract is seen at the 1,768-point level," he told Bernama.
At the close, spot month October 2013, benchmark month December 2013 and March 2014 gained six points each, to 1,789.5, 1,789.5 and 1,787.5 respectively, while November 2013 rose seven points to 1,789.5.
Turnover expanded to 5,409 lots from Thursday's 4,219 lots, while open interest advanced to 46,374 contracts, from 45,113 contracts yesterday.
The underlying FBM KLCI ended the day 9.83 points firmer, at 1,785.75.
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