KUALA LUMPUR, Sept 12 (Bernama) — The FTSE Bursa Malaysia Kuala Lumpur Composite Index futures on Bursa Malaysia Derivatives is likely to succumb to downside risk after the underlying cash index hit the 1,200-points level this week, dealers said.

Overall, market sentiment remains positive as the global economy showed signs of recovery.

” However, the market could come under selling pressure next week after the FBM KLCI’s recent sharp gains,” said one dealer, adding that investors would remain sidelined ahead of the Hari Raya public holidays.

On a week-to-week basis, the September contract rose 28.5 points to 1,210.5 while October 2009 climbed 30.5 points to 1,210.

December 2009 advanced 31.5 points to 1,207.5 while March 2010 shored up 32 points to 1,201.5.

Overall, turnover for the week was higher at 23,698 lots compared with 18,311 lots transacted last week.

Open interest rose to 16,570 contracts from 14,873 contracts recorded previously.

– BERNAMA