Bursa Derivatives Market >>> CPO Futures Eases Down; FBM KLCI Futures Closes Lower

FBM KLCI Futures End Easier

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures ended easier Wednesday on the back of a similar trend in the cash market dealers said. The September 2009 contract fell 5.5 points to 1,202.0, October 2009 and December 2009 went down 3.0 points each to 1,206.0 and 1,205.5 respectively and March 2010 was 2.0 points lower at 1,204.0.

Turnover, however, rose to 7,136 lots from 6,277 lots Tuesday while open interests dropped to 18,629 contracts from 24,950 contracts previously. The FBM KLCI declined by 6.13 points to 1,202.08 at closing Wednesday.

Palm Oil Down On Lower Export Figures

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly lower yesterday, weighed down by the unfavourable export figures for September and the decline in soyaoil prices, dealers said.
Cargo surveyor Intertek Testing Services forecast a 7.8 percent drop in exports in Malaysian palm oil products for September to 1.23 million tonnes from 1.33 million tonnes shipped in August.
Another cargo surveyor Societe Generale-de-Surveillance estimated exports to decline by 2.2 per cent to 1.27 million tonnes from 1.3 million in August.
“Overall sentiment remains weak with most players sidelined and lower exports numbers also contributed to the losses,” a dealer said.
Prices were also in tandem with the losses registered on the US crude oil and soyabean futures markets on the back of a stronger greenback.
October 2009 contract lost RM18 to settle at RM2,136 per tonne, November 2009 eased RM16 to RM2,107 per tonne and January 2010 declined RM7 to RM2,103 per tonne.
December 2009 contract, however, was flat at RM2,105 per tonne. Turnover was slightly lower at 16,056 lots compared with 16,248 lots recorded while open interest rose to 92,125 contracts from 88,667 contracts previously.