KLCI futures close broadly higher
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed broadly higher today,
supported by buying interest from local investors, dealers said.
Phillip Futures Sdn Bhd Dealer Wong Teck Weng said the uptrend recorded by the underlying cash market positively influenced the futures market.
"The benchmark had broken through and traded above the resistance line.
"This is due to the weaker-than-expected job creation last month which reinforced expectations that the Federal Reserve would hold the course on its economic stimulus into next year," he told Bernama.
At the close, spot month October 2013 gained nine points to 1,815, November 2013 rose 7.5 points to 1,813.5, December 2013 increased eight points to 1,814, and March 2014 added 6.2 points to 1,809.
Turnover improved to 7,167 lots from 3,460 lots Tuesday while open interest increased to 50,600 contracts from 46,539 contracts yesterday.
Meanwhile, the FBM KLCI finished the day's trading 10.53 points higher at 1,814.11.-- Bernama