KUALA LUMPUR, April 19 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trade steadier next week in tandem with the cash market.
Global sentiment is anticipated to improve further next week as investors take a positive stance on the latest positive corporate earnings releases and economic data in the US, said Vice- President/Head of Retail Research Dr Nazri Khan.
For the week just-ended, the futures market was higher in tandem with the positive underlying cash market.
April 2014 increased four points to 1,852, May 2014 added 6.5 points to 1,848.5, June 2014 and September 2014 gained four points each to 1,845.5 and 1,843, respectively.
Turnover for the week fell to 22,615 lots from last week’s 26,519 lots while open interest decreased to 30,598 contracts, from 32,530 contracts, traded last week. — Bernama
