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KLCI futures end higher
by Cals Thu 19 Jun 2014, 03:17
| KLCI futures end higher |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 18 June 2014 19:20 KUALA LUMPUR (June 18): The FTSE Bursa Malaysia KLCI futures (FKLI) contracts on Bursa Malaysia Derivatives ended higher today, in line the firmer cash market. Phillip Futures Sdn Bhd Dealer, Tan Sek Wei, said despite closing higher, the spot month futures contracts were still traded at a discount, compared to the underlying FBM KLCI. "The trading range was relatively tight, which was just four points difference between intraday high and low. "Investors seem to be cautious and reluctant to invest ahead of the outcome of the US Federal Open Market Committee (FOMC) meeting, that will be released by tonight," he told Bernama today. At close, spot month June 2014 earned half a point to 1,874, July 2014 and September 2014 added one point each to 1,877.5 and 1,872.5 respectively, and December 2015 rose 3.5 points to 1,873. Turnover slipped to 3,043 lots, from 4,097 lots on Tuesday, while open interest narrowed to 34,392 contracts, from 35,47 contracts yesterday. The benchmark FBM KLCI ended the day 1.98 points higher at 1,876.58. |
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