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KLCI futures close higher, in sync with cash market

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KLCI futures close higher, in sync with cash market Empty KLCI futures close higher, in sync with cash market

Post by Cals Fri 18 Apr 2014, 21:12

KLCI futures close higher, in sync with cash market
Business & Markets 2014
Written by Bernama   
Friday, 18 April 2014 18:37

KUALA LUMPUR (April 18): The FTSE Bursa Malaysia KLCI Futures (FKLI) contract on Bursa Malaysia Derivatives closed higher today, in tandem with the positive underlying cash market, a dealer said.

Phillip Futures Sdn Bhd Dealer, Thomas Yew Jia-Jong, said the higher FKLI logged-in a positive close, for an otherwise choppy trading week. 

"The FBMKLCI rose 2.15 points, led by property counters, to settle at 1,852.69 on a quiet trading day, as a majority of markets were closed for Good Friday," he told Bernama. 

April 2014 gained 7.0 points to 1,852, May 2014 added 6.5 points to 1,848.5, while June 2014 and September 2014 went up 4.5 points each, to 1,845.5 and 1,843 respectively.

Turnover declined to 3,441 lots, from yesterday's 4,785 lots, while open interest eased to 30,598 contracts, from 32,941 contracts on Thursday.     
The benchmark FBM KLCI rose 2.15 points to 1,852.69, after moving between 1,847.38 and 1,854.07 throughout the day.
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