KLCI future to take cue from cash market
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives are likely to take the cue from
the cash market movements next week.
Phillip Futures Sdn Bhd Dealer Tan Sek Wei said next week, investors would wait for the US Federal Reserve’s decision on quantitative easing tapering.
"This will determine the direction of the market," he told Bernama.
On a Friday-to-Friday basis, September 2013 rose 53.5 points to 1,765, October 2013 jumped 56 points to 1,765, December 2013 surged 59 points to 1,760 and March 2014 was 54 points higher at 1,750.
Turnover declined to 44,711 lots from 50,018 lots last week, while open interest narrowed to 50,266 contracts from 51,518 contracts previously.
Meanwhile, the benchmark FBM KLCI rose 47 points to 1,770.8 compared to 1,723.8 last Friday.-- Bernama