KLIBOR FUTURES EXPECTED TO REMAIN STABLE

KUALA LUMPUR, July 4 (Bernama) -- The three-month Kuala Lumpur Interbank Offered Rates (KLIBOR) futures contracts on Bursa Malaysia Derivatives are expected to remain stable next week on the back of steady cash rates, dealers said. The underlying three-month KLIBOR on the cash market stood steady at 2.13 percent for the week just ended.

On a Friday-to-Friday basis, July 2009, August 2009, September 2009 and December 2009 increased one tick each to 97.83, 97.84, 97.85 and 97.70 respectively. Turnover increased to 440 lots from 145 lots last week. Open interests edged up 35,870 contracts from 35,613 contracts previously.

The five-year Malaysian Government Securities futures were untraded throughout the week. -- BERNAMA

SRH SD

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