KLCI futures likely to trade better next week

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts are likely to trade better next week in line with the equity
market amid positive sentiment, Affin Investment Bank vice president and head of retail research Dr Nazri Khan said.

Positive tones can be seen in Asia following the absence of China's economic reforms despite talks on tough measures to curb the flow of credit, he told Bernama.

Meanwhile, the stronger Japanese Nikkei supported by a weaker yen and market talk that a major pension fund is looking to boost exposure into riskier assets should inspire a re-pricing of risk in the regional markets.

"This was seen as near-term positive for Asian equity markets," Nazri said.

On a Friday-to-Friday basis, spot month November 2013 declined 4.5 points to 1,787.5, December 2013 dropped 1.5 points to 1,788, March 2014 was 5.0 points lower at 1,787 and June 2014 eased 6.0 points to 1,782.

Turnover slipped to 28,806 lots from 30,518 last week, while open interest declined to 41,562 contracts from 41,969 contracts.

The benchmark FBM KLCI ended 0.13 point lower at 1,794.52, compared to 1,789.87 last Frid