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CPO futures close lower on continuous profit-taking
by hlk Fri 08 Nov 2013, 21:33
Business & Markets 2013
Written by Bernama
Friday, 08 November 2013 20:11
A + A - Reset
KUALA LUMPUR (Nov 8): Crude palm oil (CPO) futures contracts on Bursa
Malaysia Derivatives closed lower today, on continuous profit-taking, after a
strong gain last week, said Interband Group of Companies Senior Trader, Jim
Teh.
"The market saw thin trading today, as most of the traders released their
position ahead of the weekend, amid awaiting for clear market leads," he told
Bernama.
November 2013, December 2013, January 2014 and February 2014 lost RM36
each, to RM2,509 a tonne, RM2,507 a tonne, RM2,508 a tonne, and RM2,510
a tonne, respectively.
Volume fell to 28,904 lots from 46,772 lots yesterday, while open interest
dwindled to 178,628 contracts, from 195,392 contracts yesterday.
On the physical market, November South lost RM30 to RM2,520 a tonne.
Written by Bernama
Friday, 08 November 2013 20:11
A + A - Reset
KUALA LUMPUR (Nov 8): Crude palm oil (CPO) futures contracts on Bursa
Malaysia Derivatives closed lower today, on continuous profit-taking, after a
strong gain last week, said Interband Group of Companies Senior Trader, Jim
Teh.
"The market saw thin trading today, as most of the traders released their
position ahead of the weekend, amid awaiting for clear market leads," he told
Bernama.
November 2013, December 2013, January 2014 and February 2014 lost RM36
each, to RM2,509 a tonne, RM2,507 a tonne, RM2,508 a tonne, and RM2,510
a tonne, respectively.
Volume fell to 28,904 lots from 46,772 lots yesterday, while open interest
dwindled to 178,628 contracts, from 195,392 contracts yesterday.
On the physical market, November South lost RM30 to RM2,520 a tonne.
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