Bursa muted at close and gold futures surge

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract saw a quiet end to trading, with spot month June 2024 and September 2024 contracts each shaving one point.

Turnover, however, widened 5,297 lots from 4,867 lots on Tuesday, while open interest narrowed to 48,304 contracts from 48,819 contracts previously.

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Bursa muted

Meanwhile, gold futures on Bursa Malaysia Derivatives rose, reflecting market anticipation of US economic

data.

The price of physical gold remained steady at US$2,316.50 per troy ounce, as reported by the London Bullion Market Association. With markets eyeing US monetary policy clues, both futures markets indicate cautious investor sentiment.

Volume went up to 18 lots from eight lots on Tuesday while open interest improved to 33 contracts from 22 contracts previously.

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