CPO futures close mixed ahead of stocks and output data

Business & Markets 2013
Written by Bernama
Thursday, 09 May 2013 20:24
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KUALA LUMPUR, May 9 (Bernama) -- Crude palm oil (CPO) futures
contracts on
Bursa Malaysia Derivatives closed mixed on lack of buying interest, an
analyst
said today.
Phillip Futures Sdn Bhd investment analyst David Ng said: "We saw lack
of
buying interest in today's trading as traders remained cautious and
await for
the Malaysian Palm Oil Board's April stocks and output data which will
be
released tomorrow.
"Hopefully, we will be able to see a clearer direction tomorrow so that
the
prices can rebound back," he told Bernama.
Spot month May 2013 gained RM25 to RM2,288 a tonne, June 2013
shed RM3 to
RM2,280 a tonne, July 2013 fell RM2 to RM2,287 a tonne and August
2013 remained
at yesterday's RM2,286 a tonne.
Turnover dwindled to 20,076 lots from 23,202 lots yesterday and open
interest fell to 185,031 contracts from 187,882 contracts Wednesday.
On the physical market, May South lost RM20 to RM2,280 a tonne.
-- BERNAMA