BURSA MALAYSIA Futures Market >>> FKLI Down 3pts >>> FCPO Up RM10

FKLI

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contracts closed lower on Tuesday on some selling activities in the late session as investors took profit from earlier gains, dealers said.

At close, October 2009 and December 2009 contracts both declined three points to 1,234.5 respectively. November 2009 and March 2010 contracts slipped 2.5 points to 1,235.0 and 1,233.0 respectively.

Turnover declined to 2,213 lots from 2,812 lots yesterday while open interests eased to 15,546 contracts from 15,782 contracts previously. Meanwhile, the FBM KLCI closed 0.18 of a point higher at 1,233.51.

FCPO

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday as the market continued its momentum, driven by bullish export data, dealers said.

Cargo surveyor SGS said on Monday that exports for the first 10 days of October rose 3.9 per cent to 345,393 tonnes from 332,392 tonnes in same period last month.

October 2009 gained RM29 to RM2,200 per tonne, November 2009 increased RM11 to RM2,175, December 2009 rose RM10 to RM2,157 and January 2010 added RM12 to RM2,156.

Turnover was higher at 26,723 lots compared to 21,479 lots on Monday while open interest declined to 89,101 contracts from 91,514 contracts previously.

On the physical market, current month October South increased to RM2,190 from RM2,180 per tonne.