ZLBT Chats

Wednesday, August 26, 2009

FUTURES MARKET >>> FBM KLCI AND CRUDE PALM OIL

FBM KL Composite Index FuturesThe FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed easier on Tuesday on the back of a lower cash market, dealers said.
Spot month August 2009 lost 8.5 points to 1,171.0 and September 2009 fell 7.5 points to 1,170.5.
December 2009 and March 2010 dropped seven points each to 1,166.0 and 1,161.0 respectively.
Total volume went up to 12,346 lots from 9,908 lots yesterday and open interest rose to 20,635 contracts from 19,442 contracts previously.
The underlying FBM KLCI shed 3.4 points to close at 1,171.09.
SUPPORT
1163/1155/1150
RESISTANCE
1177/1185/1193
Crude Palm Oil (CPO) FuturesContract prices on Bursa Malaysia Derivatives closed mostly lower today on profit-taking activities, dealers said.
The retreat was temporary as the market is likely to rebound going forward as the improving global economy will mean higher demand in the future, said one of the dealers.
He said at around the current level, the prices are well supported.
Spot month September gained RM3 to settle at RM2,438 per tonne while October lost RM12 to RM2,383 per tonne, November fell RM20 to RM2,355 per tonne and December went down RM12 to RM2,353 per tonne.
Turnover rose to 18,429 lots from 17,937 lots yesterday while open interest declined to 86,426 contracts from 86,744 contracts previously.
On the cash market, August South remained at RM2,470 per tonne.
SUPPORT
2340 / 2318 / 2300
RESISTANCE
2388 / 2413 /2450

No comments:

Post a Comment