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KLCI futures close higher, in sync with cash market
by Cals Wed 16 Apr 2014, 00:33
| KLCI futures close higher, in sync with cash market |
| Business & Markets 2014 |
| Written by Bernama |
| Tuesday, 15 April 2014 19:09 |
KUALA LUMPUR (April 15): The FTSE Bursa Malaysia KLCI Futures (FKLI) contracts on Bursa Malaysia Derivatives, closed higher today, in tandem with the firmer cash market, a dealer said.
Phillip Futures Sdn Bhd Dealer, Thomas Yew Jia-Jong, said the futures contracts took cue from the rise in the FTSE Bursa Malaysia KLCI (FBM KLCI), which rebounded in the last 10 minutes of trading.
"Despite a relatively quiet and tight range trading day, the FBM KLCI managed to rise 2.35 points to settle at 1,853.88, on local funds buying support, in the final moments," he told Bernama.
At the close, spot month April 2014 and September 2014 advanced four points to 1,852 and 1,840, respectively; May 2014 added 2.5 points to 1,845.5; and June 2014 gained 3.5 points to 1,844.
Turnover declined to 3,516 lots, from yesterday's 4,526 lots, while open interest decreased to 33,235 contracts, from 33,813 contracts.
The benchmark FBM KLCI firmed 2.35 points to 1,853.88, after moving between 1,847.36 and 1,853.88.
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