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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

04/03/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Bernama

CATEGORY

HEADLINE

KLIBOR Futures Dominated By Strip Trade At Close
KUALA LUMPUR, March 3 (Bernama) -- The three-month Kuala Lumpur InterbankOffered Rates (KLIBOR) futures contracts on Bursa Malaysia Derivativeswere dominated by strip trade amidst steady cash market Thursday, dealerssaid.

At close, the market posted strip trade on 16 contract months, of which 12contract months with 350 lots each and the remaining four with 100 lotseach.

Among the 16 contracts were March'05, June'05, Sept'05, Dec'05 andMarch'06 which stood at 97.17, 97.13, 97.01, 96.81 and 96.62 respectively.

Today's volume rose to 4,600 lots from 1,302 lots Wednesday while openposition rose to 33,787 contracts from 33,234 contracts.

At 11am fixing Thursday, the underlying rate stood flat at 2.82 percent.

As for the five-year Malaysian Government Securities (MGS) futures, themarket closed higher with March'05 contract gaining five ticks to 110.85.

Other contract months, June'05, Sept'05 and Dec'05 added 20 ticks each to110.20, 109.52 and 108.65 respectively.

The turnover eased to 40 lots from 45 lots while open interest stood flatat 911 contracts.

-- BERNAMA