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KLCI futures closes lower
by Cals Wed 12 Mar 2014, 20:37
| KLCI futures closes lower |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 12 March 2014 19:35 |
KUALA LUMPUR (March 12): The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives, closed lower today, in tandem with the weaker underlying cash market.
Phillip Futures Sdn Bhd Dealer, Desmun Chan Coin Mun, told Bernama that the market was jittery over the slow down in China's economy, which weighed on sentiment.
"As there is no fresh leads and positive news to drive the market, we see prices correcting from its trading high, seen in February.
"We expect index to remain lower in the near-term, awaiting important industrial data from China," he added.
March 2014 lost nine points to 1,813.5, June 2014 fell 11 points to 1,809, April 2014 and September 2014 eased 10 points each to 1,812 and 1,808.5, respectively.
Turnover rose to 7,470 lots, from Tuesday's 4,074 lots, while open interest increased to 38,423 contracts, from 34,798 contracts yesterday.
The underlying FBM KLCI closed 9.95 points weaker, at 1,818.6.
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