FBM KLCI futures to track cash market
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives are likely to move in tandem with the cash market next week, a dealer said.
He said the stock market was expected to move higher next week on the back of positive economic data, surprises from the UMNO general assembly and the announcement of Budget 2014.
On a week-to-week basis, September 2013 eased 17 points to 1,775, October 2013 fell 14 points to 1,781, December 2013 was 12 sen lower to 1,781 and March 2014 declined 16 points to 1,776.
Turnover surged to 105,598 lots from 32,564 lots last week while open interest grew to 62,135 contracts against 56,582 contracts last Friday.-- Bernama