FKLI The FBM KLCI futures contracts were firmer at close amid a stronger underlying cash market, dealers said.
October 2009, November
2009 and December 2009
added 6.0 points each to settle at 1,223.5, 1,223.5,
and 1,223.0 respectively
while March 2010 was 5.5
points higher at 1,221.0.
The FBM KLCI perked 5.88 points to end at 1,218.61
Crude palm oil futures on Malaysia’s derivatives exchange rallied for the third consecutive day as investors covered shorts while a weaker dollar prompted funds to flow into commodity markets, trade participants said.
The benchmark December contract on Bursa Malaysia Derivatives ended MYR15 higher at MYR2,077 a metric ton, after moving in MYR2,068-MYR2,100/ton range.
October 2009, November
2009 and December 2009
added 6.0 points each to settle at 1,223.5, 1,223.5,
and 1,223.0 respectively
while March 2010 was 5.5
points higher at 1,221.0.
The FBM KLCI perked 5.88 points to end at 1,218.61
Crude palm oil futures rally for third day
Crude palm oil futures on Malaysia’s derivatives exchange rallied for the third consecutive day as investors covered shorts while a weaker dollar prompted funds to flow into commodity markets, trade participants said.The benchmark December contract on Bursa Malaysia Derivatives ended MYR15 higher at MYR2,077 a metric ton, after moving in MYR2,068-MYR2,100/ton range.
“The CPO market continues to be driven by external markets. It is a free ride for palm oil. Whether buying interest will come in to the market would depend on the strength in prices to move above MYR2,100 convincingly,” said a Malaysia-based exporter.
A rebound in soyoil and crude oil futures kept palm prices steady as well. December soyoil on the Chicago Board of Trade settled 41 points higher at 34.26 cents a pound and was trading up 4 points at 34.30 cents a pound by the end of trade on the BMD.
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