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KLIBOR Futures To See Light Trade Next Week
KUALA LUMPUR, Nov 7 (Bernama) -- Trading on the three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives is expected to be thin, due to lack of fresh buying interest, dealers said.
They said players are reluctant to participate actively in the market amid the uncertainties on the global market.
During the week just ended, the futures market was thinly traded with activities dominated by both strip and outright trade.
On a Friday-to-Friday basis, March 2010 rose six ticks to 97.70, December 2011 increased 13 ticks to 96.29 and March 2012 added two ticks to 96.04.
Weekly turnover was lower at 810 lots from the 4,790 lots last week while open interests increased to 32,362 contracts from 32,342 contracts previously.
The underlying three-month KLIBOR on the cash market stood unchanged at 2.16 per cent.
For the five-year Malaysian Government Securities (MGS) futures, no trading was recorded throughout the week.
-- BERNAMA |
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CLOSING, FRIDAY, NOV 20
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US |
3.3840/3870 |
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S'pore
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2.4348/4430 |
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100 Yen
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3.8065/8103 |
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Sterling
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5.6141/6204 |
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Euro |
5.0405/0460 |
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Source: Bank Negara
Malaysia |
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