Turnover for the week improved to 47,648 lots from 42,244 lots in the previous week, while open interest widened to 36,327 contracts versus 28,899 contracts previously. — Picture by Razak Ghazali
Bank Islam chief economist Mohd Afzanizam Abdul Rashid said there could be some profit taking next week as investors would want to lock in their gains, especially given the recent sell off.“It should linger around this level next week, as investors would weigh on the incoming weak economic data and hope for a reopening of the economy,” he told Bernama.
On a Friday-to-Friday basis, spot month April 2020 rose 51.5 points to 1,407.5, May 2020 increased 53.5 points to 1,402, June 2020 advanced 53.0 points to 1,394.5 and September 2020 edged up 52.5 points to 1,387.5.
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