Bolstered by overnight rebound in Wall Street, Malaysia Index Futures started the day on firmer note. Following recent days steep decline, players placed small bets on cash and futures amid mixed signals about an economy recovery. However, taking heed of broad-based regional bourses strength, prices edged higher pushing August contract to trade at premium to fair value during the afternoon session. At the close, futures posted a rise of 10.5pts to settle at 1161.5.
Overnight, Wall Street extended gains after a rebound in Chinese equities and an encouraging report on manufacturing overshadowed rising jobless claims. Yet, ahead of the weekend, index futures looks likely to trade range-bound between 1155 to 1167 level today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment