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KLCI futures closes higher

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KLCI futures closes higher Empty KLCI futures closes higher

Post by Cals Tue 25 Feb 2014, 21:28

KLCI futures closes higher
Business & Markets 2014
Written by Bernama   
Tuesday, 25 February 2014 18:38

KUALA LUMPUR (Feb 25): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives, closed higher today, in tandem with the cash market, a dealer said.

Phillip Futures Sdn Bhd dealer, Thomas Yew Jia-Jong, said the FBM KLCI futures market rose after the benchmark index was pushed up at the last minute, on blue chips buying interest.

"The FBM KLCI futures contract was actively traded, as traders started to rollover to the March contract, despite hovering in a tight range, throughout most of the trading session," he told Bernama.

Spot month February 2014, rose 3.5 points to 1,835.5, March 2014 added 2.5 points to 1,834.5, June 2014 gained two points to 1,830.5, and September 2014 increased 5.5 points, to 1,828.

Turnover jumped to 21,713 lots, from Monday's 19,321 lots, while open interest increased to 59,046 contracts, from 53,563 contracts recorded previously.

The underlying FBM KLCI ended 5.07 points better, at 1,833.75.
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