KUALA LUMPUR, July 4 -- The FTSE Bursa Malaysia KLCI futures contract on Bursa Malaysia Derivatives is expected to move in tandem with the underlying cash market next week.
A dealer said the local bourse is likely to trade in a hopeful mode next week on a combination of factors including COVID-19 vaccine optimism and better-than-expected data globally.
On a Friday-to-Friday basis, spot month July 2020 rose 66 points to 1,548.0, September 2020 added 65.5 points to 1,533.0 and December 2020 gained 61.0 points to 1,522.0.
August 2020 emerged as a new contract month.
Turnover declined to 62,759 lots from 95,339 lots in the previous week, while open interest decreased to 36,587 contracts from 41,839 contracts the week before.
On a Friday-to-Friday basis, the FBM KLCI rose 64.51 points to 1,552.65.
-- BERNAMA
KLCI futures likely to track cash market next week
