Futures ‘wait for Friday’
Calm ruled on the futures market yesterday, with low volumes in both Government stock and Barclays share index futures.
“No news, no announcements,” one dealer said. If the market was waiting for anything yesterday, it was "waiting for Friday,” and the end of the week’s trading. He said even the possibility' that the monthly food price index, which is normally released by the Statistics Department in the second week of each month, would be announced yesterday came to nothing. With no other news about,
dealers were hoping the monthly index would arrive to "spur things along.” The March ’B9 five-year Government stock futures contract traded 648 lots, which was "pretty low,” he said.
The contract closed at 8676, marginally down from Tuesday’s close of 8677. Barclay’s share index futures closed four points better than on Tuesday, following an 8 point rise in the physical sharemarket yesterday. A total of 36 lots were traded.
Details of yesterday’s futures and options trading were:
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Press, 23 February 1989, Page 36
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165Futures ‘wait for Friday’ Press, 23 February 1989, Page 36
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