KUALA LUMPUR, Dec 13 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives are expected to continue their downtrend next week on further decline in the global crude oil prices, dealers said.
A dealer said the trend was in tandem with the other regional peers.
“Crude oil prices are expected to slump from the current US$60 and they will continue to weigh on the market,” he said.
On a Friday-to-Friday basis, December 2014 fell 23.5 points to 1,748.5, January 2015 dropped 24 points to 1,750, March 2015 declined 22 points to 1,748 and June 2015 was 24.5 points lower at 1,749.5. Turnover for the week eased to 44,689 lots from 52,361 lots recorded last week while open interest rose to 35,860 contracts against 34,564 contracts last week.
For the week just ended, the benchmark FBM KLCI ended 11.58 points lower at 1,732.99. — Bernama
