How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 07122016

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Malaysian shares rose Tuesday, tracking global markets, as investors shrugged off political concerns stemming from Italian Prime Minister Matteo Renzi's resignation following a referendum loss.
The nation's benchmark FTSE Bursa Malaysia KLCI rose 0.3% to 1,629.73. Petronas Gas and PPB Group led gains with an over 2% advance each, ending at 21.32 ringgit and 16 ringgit, respectively. British American Tobacco Malaysia, Hap Seng Consolidated and SapuraKencana Petroleum fell.

The ringgit rose 0.3% to 4.43 against the dollar, its fourth consecutive gain as a rally in the greenback paused.
"Improving ringgit outlook following stabilization in oil prices and recent central bank curbs against non-deliverable forwards, coupled with the traditional year-end window dressing activities are expected to bode well for KLCI to gain further strength towards 1,635-1,640 in the near term," said Sia Ket Ee, an analyst with Hong Leong Investment Bank.
Still, dealers do not expect a sustained move higher for the currency as regional markets brace for a near-certain Federal Reserve rate increase next month.
Most regional markets rebounded from yesterday's losses as U.S. and European equities ended higher Monday, recovering from initial nervousness sparked by Italy's vote against constitutional reforms and Prime Minister Matteo Renzi's resignation.
"The markets appear to have come to the realization that the concerns paid to the Italian referendum may be too much or too early. The real concern would be on the next Italian general election which would not occur until 2018," said Jingyi Pan, market strategist at IG. "The overnight trend seen in both European and US stock markets pointed to traders tuning back to riskier assets."