All KLCI Futures contracts turned discounts

All the KLCI Futures contracts continued to close lower Thursday in line with the regional trend and turned discounts to the underlying, which ended marginally higher.

The December contract eased 3.0 points to 1,254.0 points, turning to a discount of 5.90 points to the underlying from a premium of 1.24 points Wednesday. The contract opened 2.5 points firmer at 1,259.5 points and traded between 1,260.5 and 1,251.5 points during the day.

The January 2010 contract shed 2.0 points to 1,255 points, reverting to a discount of 4.90 points to the cash market from a premium of 1.24 points a day earlier. It traded between 1,260.0 and 1,251.5 points during the day.

The March 2010 contract fell 4.5 points to 1,252.5 points, which is a discount of 7.40 points, while the June 2010 contract eased 3.0 points to 1,254.5 points, representing a discount of 5.40 points to the underlying.