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KLCI futures closes lower, in sync with cash market

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KLCI futures closes lower, in sync with cash market Empty KLCI futures closes lower, in sync with cash market

Post by Cals Thu 17 Apr 2014, 01:19

KLCI futures closes lower, in sync with cash market
Business & Markets 2014
Written by Bernama   
Wednesday, 16 April 2014 18:46

KUALA LUMPUR (April 16): The FTSE Bursa Malaysia KLCI Futures (FKLI) contract on Bursa Malaysia Derivatives closed lower today, in tandem with the weaker underlying cash market, a dealer said. 

Phillip Futures Sdn Bhd Dealer, Thomas Yew Jia-Jong, said cautious sentiment dominated the market, with the key index dragged by late selling of selected blue chips.

"The FTSE Bursa Malaysia KLCI slipped, despite China's Gross Domestic Product growth performing better than market estimates," he told Bernama. 

China’s economy grew 7.4 per cent in the first quarter, just above analysts expectation of 7.3 per cent.     

April 2014 eased 7.5 points to 1,844.5, May 2014 fell 5.5 points to 1,840, June 2014 declined five points to 1,839, and September 2014 erased six points to 1,834.      

Turnover doubled to 6,347 lots, from 3,516 lots yesterday, while open interest rose to 34,524 contracts, from 33,235 contracts on Tuesday.

The benchmark FBM KLCI trimmed 8.51 points to 1,845.37, after moving between 1,845.37 and 1,854.62 throughout the day.
Cals
Cals
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