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Friday, January 8, 2010

FBM KLCI Futures 08 Jan 2010

All FKLI contracts ended higher and at premiums

All KLCI Futures contracts ended higher and closed at premiums ranging from 3.0 to 4.5 points to the underlying Friday.

The January 2010 contract closed 4.0 points higher at 1,297.0 points, expanding its premium to 4.02 points to the underlying from 1.58 points Thursday. The contract opened 4.5 points firmer at 1,297.5 points and traded between 1,289.5 and 1,300.0 points during the day.
The February 2010 contract gained 4.0 points to 1,297.5 points, representing a premium of 4.52 points. It opened at 1,297.0 points and traded between 1,290.0 and 1,299.0 points during the day.

The March 2010 contract closed 4.0 points firmer at 1,297.0 points, which is a premium of 4.02 points to the underlying, while the June 2010 contract rose 4.5 points to 1,296.0 points, representing a premium of 3.02 points to the underlying.

On a weekly basis, the FBM KLCI futures for January 2010 rose 28 points to 1,297.0, March 2010 increased 27.0 points to 1,296.5 and June 2010 gained 26 points to 1,296.5.The new contract month, February 2010, ended the week at 1,297.5.Total volume declined to 25,441 lots from 36,798 last Thursday and open interest slipped to 17,994 contracts from 23,999 previously.
FKLI contracts on Bursa Malaysia Derivatives are likely to trade higher next week in line with firmer cash market.
However market sentiment would remain firm as investors took the cue from improved performance in the global markets.

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