KUALA LUMPUR, July 16 -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives are likely to trade lower in tandem with the cash market's movement next week.
Investors are expected to remain sidelined with concerns on the US economic policy and the European debt crisis, Affin Investment Bank's Head of Retail Research Dr Nazri Khan told Bernama today.
He said investors were also awaiting the outcome of the European Central Bank's meeting for a fresh direction for the market.
For the week just-ended, the futures market was traded easier in line with the cash market's performance.
July 2011 dropped 13 points to 1,580, August 2011 fell 12.5 points to 1,579.5, September 2011 shed 14.5 points to 1,578 and December 2011 slipped 12.5 points to 1,590.5.
Turnover for the week dwindled to 20,086 lots from 26,438 lots last week and open interest decreased to 24,550 contracts from 25,913 contracts previously.
-- BERNAMA
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