FBM KLCI FUTURES LIKELY TO BE HIGHER NEXT WEEK

KUALA LUMPUR, Nov 7 (Bernama) -- The FTSE Bursa Malaysia (FBM) Kuala Lumpur Composite Index (KLCI) futures contracts on Bursa Malaysia Derivatives is expected to be higher next week, taking cue from the underlying cash market's performance, dealers said.

They said positive signs like an improved consumer sentiment and recovery in the global economy will push the futures market higher.

It is also expected to track the regional markets as well as Wall Street's performance.

On a Friday-to-Friday basis, November 2009 rose 10 points to 1,255.0 from last Friday's 1,245.5, December 2009 increased 11 points to 1,255.5 from 1,245.0 and March 2010 advanced 10 points to 1,255.0 from 1,245.0.

Contract month, June 2010 started trading on Monday, replacing October 2009 which has expired. Turnover for the week declined to 25,480 lots from 52,741 lots last week while open interests decreased to 16,666 contracts from 22,256 contracts previously. For the week just ended, the underlying FBM KLCI ended at 1,260.76, which was 18 points higher compared to last Friday's 1,243.23. -- BERNAMA

PJR AS