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Tuesday, March 2, 2010

FBM KLCI Futures >>> Market Overview

FKLI contracts ended at discounts but firmer
The KLCI Futures contracts ended generally higher Monday but still closed at discounts ranging from 0.4 to 7.9 points to the underlying.

The March contract soared 18.0 points to 1,283.0 points, trimming its discount of 5.78 points to the underlying last Thursday to only 0.40 of a point. The contract opened 9.0 points higher at 1,274.0 points and traded between 1,272.0 and 1,285.0 points during the day.

The April contract closed at the day’s highest level of 1,283.0 points on its first trading day, representing a discount of 0.40 of a point to the cash market. It opened at 1,270.5 points, slightly above the day’s lowest level of 1,270.0 points.

The June contract surged 19.0 points to 1,278.0 points, which is a discount of 5.40 points to the underlying, while the September contract closed 20.5 points higher at 1,275.5 points, representing a discount of 7.90 points to the underlying.

FKLI >>> Recommend
SELL Into Premium Strength

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