MALAYSIA DERIVATIVES EXCHANGE >>> FKLI and FCPO

High Rolling FKLI Spot Speeding Towards Record Year End Close

Heavy rollover activities and spreads enable the Spot contract to close higher in tandem with the cash market.

FKLI is set to end the year on a strong footing

Recommendations (FKLI Dec)

BUY ON DIP / WEAKNESS

Place a stoploss for risk management

Suggested Target >>> 1550 >>> Cutloss 1522

CPO Snap 7-days Rally

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives retreated from their seven-day rally with traders taking profits after prices hit a fresh 33-month high yesterday.

At the close, January 2011 lost RM64 to RM3,781 per tonne, February 2011 shed RM53 to RM3,765 per tonne, March 2011 dropped RM45 to RM3,733 per tonne and April 2011 declined RM42 to RM3,708 per tonne.

Turnover increased to 11,599 lots from 10,730 lots recorded on Tuesday while open interest declined to 88,107 contracts from 88,309 contracts previously.

On the physical market, January South shed RM30 to RM3,780 per tonne.

HAPPY TRADING