All KLCI Futures contracts ended lower, Nov and Dec contracts turned discounts

All the KLCI Futures contracts closed lower Tuesday despite the positive performance of the cash market, resulting in the November and December contracts closing at discounts to the underlying.

The November contract eased 1.0 points to 1,272.0 points, turning to a discount of 2.08 points to the cash market from a premium of 5.25 points Monday.
The contract opened 6.5 points higher and traded between a high of 1,281.5 points and a low of 1,269.0 points during the day.

The December contract fell 3.0 points to 1,271.0 points, representing a discount of 3.08 points to the underlying against a premium of 6.25 points Monday.

The March 2010 and June 2010 contracts however maintained at premiums albeit at lower margins. The March 2010 contract eased 1.5 points to 1,276.0 points which is a premium of 1.92 points to the underlying while the June 2010 contract edged down 2.5 points to 1,278.0 points, representing a premium of 3.92 points.