KUALA LUMPUR, Oct 20 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to trade lower next week, tracking the cautious sentiment on the cash market.
A dealer said investors were expected to remain cautious next week in view of the heightened market volatility seen on Wall Street, amid concerns on geopolitical uncertainties, US-China trade dispute, China’s slowing economic growth and further US interest rate hike.
On a Friday-to-Friday basis, October 2018 trimmed 2.5 points to 1,730.5, November 2018 eased 1.5 points to 1,730.5, while December 2018 and March 2019 gave up 0.5 of-a-point each to 1,728 and 1,723.5 respectively.
Turnover for the week declined to 34,730 lots from 49,968 lots while open interest narrowed to 32,367 contracts 35,937 contracts.
The benchmark FBM KLCI settled 1.4 points higher at 1,732.14 compared to 1,730.74 in the previous week.
– BERNAMA
KLCI futures to trade lower in sync with cash market
