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Rising Dollar Worries Shave 0.89% Off FBM KLCI
Of the 30 components of KLCI, 4 closed in the positive territory, 21 ended lower while the remaining 5 settled unchanged. Volume for the component stock was 85 million shares worth RM476 million.
Crude Palm Oil Tumbles On Profit Taking
Rising Dollar Worries Shave 0.89% Off FBM KLCIThe FBM KLCI lost 11.31 points or 0.89% to 1,255.66 points, being the day’s lowest range. The index opened 0.09 of a point lower at 1,266.88 points and moved to a high of 1,267.73 points during the day. Trading band was 12.07 points.
Of the 30 components of KLCI, 4 closed in the positive territory, 21 ended lower while the remaining 5 settled unchanged. Volume for the component stock was 85 million shares worth RM476 million.The benchmark dived sharply in the last five minutes which contributed to 6.62 points of the loss for the day.
Losers lead gainers 395 to 202. Volume shrank to 477 million shares worth RM892 million from 691 million shares valued at RM1,036 million last Thursday.
Losers lead gainers 395 to 202. Volume shrank to 477 million shares worth RM892 million from 691 million shares valued at RM1,036 million last Thursday.All KLCI futures contracts ended lower, but turned premiums
FKLI contracts ended lower Monday but closed at premiums ranging from 1.3 to 3.3 points to the underlying.
The December contract closed 1.0 point lower at 1,259.0 points, reversing its 6.97 points discount last Thursday to 3.34 points premium. The contract however opened 2.5 points firmer at 1,262.5 points and traded between 1,257.5 and 1,263.5 points during the day.
The January 2010 contract eased 0.5 of a point to 1,259.0 points, which is a premium of 3.34 points to the cash market against a discount of 6.97 points last Thursday. It traded between 1,258.0 and 1,265.5 points during the day.
The December contract closed 1.0 point lower at 1,259.0 points, reversing its 6.97 points discount last Thursday to 3.34 points premium. The contract however opened 2.5 points firmer at 1,262.5 points and traded between 1,257.5 and 1,263.5 points during the day.
The January 2010 contract eased 0.5 of a point to 1,259.0 points, which is a premium of 3.34 points to the cash market against a discount of 6.97 points last Thursday. It traded between 1,258.0 and 1,265.5 points during the day.
Crude Palm Oil Tumbles On Profit TakingThe benchmark March contract on the Bursa Malaysia Derivatives ended MYR65 lower at MYR2,555 a metric ton, after trading in a range of MYR2,543-MYR2,585/ton.
Profit taking and long liquidation ensued following the lower export estimates, with some traders saying prices were due for a downward correction.
"Last week's rally to a six-month high of MYR2,620 wasn't sustainable," said an executive from a global trading company.
"Prices will likely retreat to levels around MYR2,500 by the year's end," said a Kuala Lumpur-based trader.
"Prices will likely retreat to levels around MYR2,500 by the year's end," said a Kuala Lumpur-based trader.
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