FBM KLCI Futures To Trade Steadier

KUALA LUMPUR, Oct 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is likely to trade steadier next week on the back of the stronger underlying cash market, said a dealer. The dealer said that market sentiment would likely improve ahead of the Budget 2018 announcement on Oct 27, as well as the recovery in external markets. For the week just ended, the futures market traded mostly lower in tandem with the cash market. On a week-to-week basis, October 2017 rose five points to 1,762.0, newly introduced contract month November 2017 stood at 1,760.5, December 2017 increased 2.5 points to 1,761.5, and March 2018 advanced four points to 1,763.5. Weekly turnover reduced to 20,065 lots from 63,266 lots last Friday while open interest declined to 27,965 contracts from 39,974 contracts previously. On Friday, the FBM KLCI advanced 4.91 points to end at 1,764.0. -- BERNAMA