KLCI FUTURES CLOSE HIGHER AMID EASIER CASH MARKET

12 Jul 2013 11:19

(inserting reporter's by-line)

KUALA LUMPUR, July 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed higher amid the easier cash market, dealers said.

Spot month July 2013, August 2013 and December 2013 gained one point each to 1,770, 1,770.5 and 1,772.0, respectively.

September 2013 garnered two points to 1,770.

Phillip Futures Sdn Bhd Dealer Liam Kian Yap said overnight gains in the US market had put investors into positive sentiments earlier on.

However, gains trimmed after China announced a weaker external trade data before noon break, he told Bernama.

"Sentiment isn't seriously dampened in anticipation that policymakers will undertake monetary easing to sustain the world's second largest economy," he said.

Turnover stood at 4,377 lots while open interest totalled 37,273 contracts.

The underlying FBM KLCI rose 2.22 points to 1,768.71.

-- BERNAMA

MI MI TOM