FBM KLCI Futures Market Report 17 Nov 2009

FBM KLCI Futures closed lower, Nov and Dec contracts turned discount

All the KLCI Futures contracts ended lower Tuesday in line with the inability of the underlying to sustain its performance in the morning session and the downbeat performance of major regional bourses.

The November contract shed 4.0 points to 1,278.0 points, turning to a discount of 1.95 points to the cash market from a premium of 3.69 points Monday. The contract opened 1.5 points higher and traded between 1,285.0 and 1,276.0 points during the day.

The December contract also lost 4.0 points, to 1,279.0 points, representing a discount of 0.95 of a point to the underlying against a premium of 4.69 a day earlier. It traded between 1,285.5 and 1,277.5 points during the day.

The March and June 2010 contracts eased 0.5 of a point to 1,284.0 and 1,286.0 points respectively, representing premiums of 4.05 and 6.05 points.