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(From Business Times (Malaysia))
Byline: BERNARD ..HL: Spot contract to consolidate further ..ZO: B-ALL ..LE: 457 ..PG: 10 ..PU: BT ..TX: THE August contract on Bursa Malaysia Derivatives Bhd closed at 934.50 last Friday. Average volume transacted was higher at 4,867 while open interest was at 1
THE August contract on Bursa Malaysia Derivatives Bhd closed at 934.50 last Friday. Average volume transacted was higher at 4,867 while open interest was at 14,784 contracts. The trading pattern on the spot contract last week mirrored our expectation. As forecast, bullish tendency was limited by the pivotal resistance at 940, which kept sentiments at bay. This allowed …