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KLCI Futures Expected To Be Lower Next Week
Last update: 12/08/2017

By Zairina Zainudin

KUALA LUMPUR, Aug 12 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is†expected to be lower next week, tracking the performance of the underlying cash market, a dealer said.†

The dealer said the benchmark FTSE†Bursa Malaysia KLCI†(FBM KLCI) would likely trade at between the 1,763 and 1,780-level next†week, and if†it went below the 1,760-1,762 support level, sentiment in the market would turn bearish.

"We are expecting the market to†fall†further due to concerns on the geopolitical tensions between the United States and North†Korea.

"Therefore, traders and investors are advised†to stay calm during trading. Stocks†which are still undervalued may be kept†in†the watch list for future investment once the market recovers.†Do not†trade wildly," she told Bernama, adding the next support level would be at 1,760 and 1,750.

On a Friday-to-Friday basis,†spot month August 2017†and September 2017 fell 8.5 points each to 1,766.5 and†1,766 respectively, December 2017 eased 7.5 points to 1,767 while March 2018 declined 9.5 points to 1,763.

Turnover for the week slipped to 20,243†lots from 20,721 lots last Friday, while open interest widened to 33,620 contracts from 29,122 contracts.†

The benchmark FBM KLCI ended the week 10.81 points weaker at 1,766.96 from†1,774.53 last Friday.†

-- BERNAMA† † † †


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Source: Bank Negara Malaysia

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