FBM KLCI Futures Market Overviews And Commentaries

FKLI contracts dived lower; All months ended at discounts
All KLCI Futures contracts ended lower Friday and still closed at discounts ranging from 4.0 to 5.5 points to the underlying.

The January contract dropped 9.0 points to 1,295.5 points, expanding its discount to 4.95 points to the underlying from 3.86 points a day earlier. The contract opened 8.0 points lower at 1,296.5 points and traded between 1,292.0 and 1,300.0 points during the day.

The February contract closed 9.0 points lower at 1,295.0 points, which is a discount of 5.45 points to the cash market against a discount of 3.36 points Thursday. It opened 8.5 points lower at 1,296.5 points and traded between 1,292.0 and 1,298.5 points during the day.

The March contract fell 7.0 points to 1,296.5 points, which is a discount of 3.95 points to the underlying, while the June contract lost 7.5 points to 1,295.5 points, representing a discount of 4.95 points to the underlying.