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KLCI futures ends lower

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KLCI futures ends lower Empty KLCI futures ends lower

Post by Cals Tue 07 Jan 2014, 00:29

KLCI futures ends lower
Business & Markets 2013
Written by Bernama   
Monday, 06 January 2014 19:42

KUALA LUMPUR (Jan 6): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower, in line with the cash market, dealers said.

At close, spot month January 2014 fell eight points to 1,828, as investors booked profits.

February 2014 slipped nine points to 1,827.5, March 2014 dropped seven points to 1,827, and June 2014 erased 5.5 points to 1,823.

Phillip Futures Sdn Bhd dealer Tan Sek Wei said, the weak HSBC China Services Purchasing Managers Index at 50.9, dragged the FBM KLCI lower.  

In addition, weak German Services PMI data added pressure on the futures market.

"The market could see a technical rebound tomorrow, but a weak market condition could see January 2014 contract easing to 1,822, which is the next support level," he told Bernama.

Turnover amounted to 7,002 lots, down from last Friday's 8,304 lots, while open interest decreased to 46,646 contracts, from 48,158 contracts last week.

On the cash market, the underlying FBM KLCI finished 5.56 points lower, at 1,829.18.
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