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KLCI futures end higher
by Cals Thu 14 Nov 2013, 21:20
| KLCI futures end higher |
| Business & Markets 2013 |
| Written by Bernama |
| Thursday, 14 November 2013 18:52 |
Phillip Futures Sdn Bhd dealer Elky Liam, told Bernama that the futures moved in positive territory, spurred by Federal Reserve Vice Chair Janet Yellen’s comments, which suggested global asset markets could count on the Fed’s generous stimulus for some time.
"While its underlying cash index KLCI posted modest gains of 1.71 points, FKLI spot Nov 13 contract rose 6.5 points, to minimise the gap, but still on discount of about one point. We might see the index stay in choppy, but downward bias," he said.
Spot month November 2013 and December 2013, both added 6.5 points to 1,783 and 1,782, respectively.
March 2014 was 7.0 points higher at 1,782, and June 2014 rose 9.0 points to 1,781.
Turnover dropped to 6,082 lots from 8,699 lots on Wednesday, while open interest declined to 44,430 contracts, from 48,811 contracts previously.
The underlying FBM KLCI was 1.710 points lower, at 1,804.21.
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