KUALA LUMPUR, Sept 23 (Bernama) -- The FTSE Bursa Malaysia KLCI futures contracts (FKLI) on Bursa Malaysia Derivatives opened higher today, despite the weaker performance of the underlying cash market.

At 9.25 am, September 2022 and October 2022 added one point each to 1,434.5 and 1,435.0, respectively, December 2022 edged up 0.5 of-a-point to 1,435.5 and March 2023 gained four points to 1,428.0.

Turnover stood at 633 lots, with open interest at 35,434 contracts.

At 9.28 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.77 points lower at 1,437.26 from Thursday's close of 1,439.11.

RHB Research suggested that investors maintain short positions.

It noted that the FKLI saw continued selling momentum yesterday as it dipped six points to settle at 1,433.5 points.

“Although we expect mild buying interest near the support level in the immediate term, selling interest may re-emerge to dominate the later sessions.

“As such, the bearish bias should stay relevant as long as the index remains below the 1,493.50 point level," it added.

-- BERNAMA