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KLCI futures contract opens lower
Last update: 12/07/2018

KUALA LUMPUR, July 12†(Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives opened lower†today in tracking the downtrend on the underlying cash market.

At 9.11†am, July 2018 slipped one point to†1,683, August 2018 and†September 2018 eased half-a-point each to 1,681 and 1,680.5 respectively, while December 2018 lost 1.5 points to†1,680.5.

Turnover stood at 681 lots, while open interest amounted to 32,641†contracts.

The underlying benchmark FBM KLCI was 0.2 of-a-point easier at†1,688.57 after 20†minutes of trading.†

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OPENING, WEDNESDAY, JULY 18
US 4.0530/0600
S'pore 2.9686/9748
100 Yen 3.5867/5939
Sterling 5.3131/3235
Euro 4.7238/7327
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
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 [tally] 15%
No
 [tally] 78%
Not sure
 [tally] 7%
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