The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower Monday in tandem with an easier cash market, dealers said.The April 2010 contract, which was heavily traded with 5,808 lots, and May 2010 declined 14 ticks each to 1,322 and 1,321.5 respectively.
Contract month June 2010 dropped 15 ticks to 1,320.0 and September 2010 went down 16 ticks to 1, 319.5. A total of 6,514 lots were traded, up from 4,813 lots recorded last Friday, while open interest rose to 20,784 contracts from 20,550 contracts previously.
The underlying FBM KLCI declined 6.1 points to 1,326.67 at closing Monday.
ZL recommend a FKLI BUY at discount of -5 or higher over the underlying.
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