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MARKET

KLCI futures higher in early session

05/04/2021 09:53 AM

KUALA LUMPUR, April 5 -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives opened higher today in sync with the underlying cash market  performance.

As at 9.30am, spot month April 2021 and May 2021 added 3.5 points each to 1,588.0 and 1,585.0 respectively, June 2021 gained 4.5 points to 1,584.0 and September 2021 improved 2.0 points at 1,573.0. 

Turnover stood at 536 lots, with open interest at 32,327 contracts.

The benchmark FBM KLCI went up 3.83 points to 1,589.18 after 37 minutes of trading.

RHB Research advises investors to maintain short positions today amid weak rebounds which pointed to a short bull run.

The FKLI climbed up slightly for two consecutive days after hitting the triple bottom and closed 4.5 points higher at 1,584.5 point on Friday, it said.

“As the rebound did not trigger the previous stop-loss, the index remains in a ‘lower high’ structure. We maintain a negative trading bias,” it added.

-- BERNAMA

 

 

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