BSI hot, but cools
The Barclays share prices index futures contract opened with a roar yesterday, leading to expectations that the physical market would do likewise. Mr Mark Thiele, a dealer for Egden Wignall and Company Futures, said that at one stage the BSI contract had a 60-point premium to the physical going as high as 1915, but this was “unsustainable.” Once the sharemarket had opened steady, the BSI came back and in the end closed at a 39-point premium. The two interest rate contracts were both firmer, but in narrow, quiet trading. This was in spite of a continuing high call rate and slightly firmer rates on Tuesday’s Treasury bill tender result. The announcement that the release of the quarterly Consumers Price Index figure would be delayed until the end of the month failed to have much impact. In Sydney, the June share price index futures contract rose 7.5 points on its opening to 1435.5. It closed on Tuesday at 1426. About 1050 lots were dealt.
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Press, 13 April 1989, Page 28
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167BSI hot, but cools Press, 13 April 1989, Page 28
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