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Thursday, January 14, 2010

FBM KLCI Futures Market Overviews

FKLI hits 1300 again before pulling back and at premiums
All KLCI Futures contracts ended higher and closed at premiums ranging from 0.3 to 2.8 points to the underlying Thursday.

The January contract closed 5.5 points higher at 1,297.0 points, expanding its premium to the underlying to 2.29 points from 1.99 points a day earlier. The contract opened 3.5 points higher at 1,295.0 points, slightly above the day's lowest level of 1,294.5 points and moved to a high of 1,300.0 points during the day.

The February contract rose 6.5 points to 1,297.5 points, which is a premium of 2.79 points to the cash market against a premium of 0.99 of a point Wednesday. It opened 4.5 points higher at 1,295.0 points and traded between 1,294.5 and 1,299.5 points during the day.

The March contract closed 5.5 points higher at 1,296.0 points, which is a premium of 1.29 points to the underlying, while the June 2010 contract gained 4.0 points to 1,295.0 points, representing a premium of 0.29 of a point to the underlying.

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