FBM KLCI futures likely to be steadier next week
KUALA LUMPUR, June 30 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives is likely to be steadier next week on positive sentiment, dealers said.
The market is also expected to receive a boost from an improved eurozone credit market following the healthy outcome of the European Leaders Summit and encouraging global economic data.
For the week just ended, the FBM KLCI futures contract ended mixed, tracking the underlying cash market.
June 2012 decreased 6.5 points to 1,600, July 2012 eased 1.0 points to 1,606, September 2012 gained 2.5 points to 1,605 and December 2012 earned 4.0 points to 1,601.
Turnover increased to 103,553 lots, from 30,988 lots, last week while open interest expanded to 41,582 contracts, from 30,386 contracts, recorded last Friday. — Bernama