Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
CPO futures end higher
Last update: 14/08/2018

KUALA LUMPUR, Aug 14 (Bernama) -- Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, on the back of a weaker ringgit, which was supportive of the market in the short-term, said a dealer.

 Phillip Futures Sdn Bhd dealer David Ng said support was located at RM2,150 a tonne with the resistance level at RM2,280 a tonne.

August 2018, September 2018 and October 2018 gained RM9 each to RM2,178, RM2,197 and RM2,213 a tonne, respectively, while November 2018 added RM7 to close at RM2,237 a tonne.

Turnover rose to 43,246 lots from 35,352 lots on Monday while open interest increased to 290,567 contracts from 280,964 contracts yesterday. 

On the physical market, August South was unchanged at RM2,210 a tonne.

-- BERNAMA


 <Back>


 


 

OPENING, TUESDAY, MAR 9
US4.1180/1230
S'pore3.0479/0520
100 Yen3.7752/7805
Sterling5.6882/6967
Euro4.8769/8833
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Yes
No
Not sure
 
  Main | News | Insurance

© 2024 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution