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KLCI futures closes higher
by Cals Fri 22 Nov 2013, 22:53
| KLCI futures closes higher |
| Business & Markets 2013 |
| Written by Bernama |
| Friday, 22 November 2013 20:02 |
Phillip Futures Sdn Bhd dealer Elky Liam Kian Yap said the spot November contract ended flat, as foreign selling continued to pressure the underlying cash market.
He said the November 2013 contract lost a marginal 4.5 points week-on-week.
"We expect the upward momentum to lose steam, given that the index is unable to stay in positive territory, and ended flat at today's opening of 1,787.5," he told Bernama.
However, Wall Street's performance remains crucial, with the Dow Jones Industrial Average closing above 16,000, for the first time in history.
For other contracts, December 2013 rose 1.5 points to 1,788, March 2014 increased two points to 1,787, and June 2014 was unchanged at 1,782.
Turnover fell to 3,649 lots from the 5,699 lots recorded yesterday, while open interest eased to 41,562 contracts from 43,666 contracts previously.
The FBM KLCI finished 0.13 of a point lower, at 1,794.52.
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