Our Eyes Into The Future
PUTRAJAYA: If Malaysia wants to stay competitive in the global economy, it will need to stay connected to the rest of the world, said Deputy Minister of International Trade and Industry Datuk Mukhriz Mahathir.
He said small and medium businesses (SMBs) in the country need to embrace new opportunities, such as the [...]
CPO FUTURES
CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended lower yesterday amid weaknesses in regional commodity markets, said a dealer.
May 2010 and June contract dipped RM10 each to RM2,560 and RM2,536, respectively, July 2010 shed RM7 to RM2,523 and August fell RM2 to RM2,525.
Volume dwindled to 17,263 [...]
CPO FUTURES
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed yesterday in the absence of fresh leads, a dealer said.
“Traders are waiting for more firm leads as the decline in exports has already been priced in last week,” he said.
May 2010 rose RM12 to RM2,589 per tonne, June 2010 [...]
OBSERVATIONS: Short-covering saved the Kuala Lumpur CPO futures market from falling through the RM2,470 a tonne short-term support level, the lower rung of this market’s RM2,470-RM2,595 trading range.
Aggressive short-covering was discernable from the notable decline in the total open position to 63,191 open contracts from the previous week’s 67,455 [...]
CPO FUTURES
CRUDE palm oil futures on Bursa Malaysia Derivatives ended mostly firmer yesterday aided by short covering activities ahead of the weekend, said dealers.
They said the market was supported by firm soyaoil and crude oil prices which hovered above US$86 a barrel. However, they said lower export figures capped [...]