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Bursa Malaysia started slightly higher today on a volatile note amid Wall Street's weaker performance overnight. At 9:05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 1.05 points to 1,616.69 from Thursday's close of 1,615.64. The Index opened 0.21 of-a-point higher at 1,615.85.
FKLI Dec month ended lower on Thursday despite the positive performance of the underlying cash market. The spot month December 2024 contract fell 4.5 points to 1,614.0.
Turnover declined to 4,583 lots from 4,880 lots on Wednesday, while open interest trimmed to 36,998 contracts versus 37,157 previously.
(News Source: Bernama)
FCPO Feb month contract closed higher due to concerns over weaker production caused by recent floods in Malaysia. At the close, the February 2025 added RM103 to RM5,135 per tonne.
Trading volume declined to 83,156 lots from 119,811 lots yesterday, while open interest inched down to 235,695 contracts from 236,748 contracts previously.
(News Source: Bernama)
Recommend Trading Plan:
Long positions may be opened if market retraced and supported firm above 5108 with targets 5136/5160 at stop-loss at 5095
Short positions may be opened if market rebounded and failed to support above 5108 with targets at 5084/5062 stop-loss at 5120
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