KUALA LUMPUR, Aug 15 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed mostly higher today on mild-buying despite the weaker cash market, dealers said.

Phillip Futures Sdn Bhd dealer, Liam Kian Yap, said FBM KLCI futures’ spot contract had a volatile trade today, hovering between gains and losses, but sentiments were lifted following Moody’s rating on Malaysia’s outlook as “stable”.

However, it said its underlying cash market closed lower as regional markets’ weakness have offset the positive news.

“Spot August contract moved into positive after the closing on cash market, but still shy of the 1,800-point level,” he told Bernama.

At close, spot month August 2013 and March 2014 gained two points each to 1,798 and 1,796, respectively, September 2013 added 0.5 of a point to 1,793 and December 2013 earned one point to 1,793.

Turnover declined to 3,847 lots from 3,991 lots yesterday while open interest rose slightly to 40,516 contracts from 40,186 contracts yesterday.

The underlying FBM KLCI closed 1.52 points lower at 1,792.21. — Bernama