FBM KLCI index..changes on OHLC recording..

Under FTSE methodology, FBMKLCI daily opening price is "the previous day closing price".

Why ? They use 9:00:00 as the first tick ( mkt opens at 9:00:00) but continuous trading only start at 9:00:15. So, at 9.00.00 the price is the same as the previous day closing.

Impact :

1) as the day opening price is always "the previous day closing" there will be no gap up/down on the FBMKLCI daily chart.

2) the day high/ low may or may not necesasary "reflect" the day actual high/low. For instance , if a previous day closing is 1070 and the "actual high" for the next trading day is 1069, the high for that day will be recorded as 1070 not 1069. As the opening price is 1070 at 9:00:00 am, higher than 1069.

Just need to get use to it!