FCPO Sept month rose 6 points or 0.16% to 3865 closed higher at midday. Malaysian palm oil futures fell for the fourth straight day on Wednesday, reaching their lowest level in nearly six weeks, following predictions from cargo surveyors of a decline in June exports to date.
Exports of Malaysian palm oil products for June 1-25 likely fell compared to the same period in May, with Intertek estimating a 16.1% drop to 944,009 metric tons, AmSpec Agri Malaysia reporting a 16.9% decrease to 891,570 tons, and SGS estimating a decline to 908,517 metric tons, according to LSEG data.
The palm oil prices are expected to hovering at sideway consolidation with downside bias, however there is likely some technical buying to coming in, upside is limited. Immediate support and resistance levels are identified at 3847 and 3871, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 1.540 | 0.050 | 135.77M | |
| 0.070 | -0.015 | 125.07M | |
| 1.100 | 0.060 | 107.26M | |
| 0.100 | 0.025 | 107.04M | |
| 4.390 | 0.010 | 74.79M | |
| 0.155 | 0.020 | 73.57M | |
| 0.070 | -0.015 | 69.32M | |
| 0.375 | -0.005 | 68.62M | |
| 0.890 | 0.070 | 68.25M | |
| 0.100 | 0.035 | 67.90M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 13.440 | 0.440 | 47.40K | |
| 31.000 | 0.360 | 25.60K | |
| 1.170 | 0.320 | 1.20K | |
| 5.250 | 0.270 | 478.70K | |
| 0.850 | 0.180 | 51.00K | |
| 4.020 | 0.150 | 2.31M | |
| 8.440 | 0.150 | 59.44M | |
| 3.830 | 0.150 | 21.45M | |
| 19.420 | 0.140 | 405.20K | |
| 8.000 | 0.120 | 111.40K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 22.300 | -0.700 | 3.63M | |
| 26.120 | -0.460 | 550.90K | |
| 101.800 | -0.400 | 158.80K | |
| 0.115 | -0.400 | 50.00K | |
| 19.500 | -0.300 | 3.16M | |
| 0.740 | -0.245 | 20.00K | |
| 0.170 | -0.210 | 4.93M | |
| 27.600 | -0.200 | 306.40K | |
| 18.960 | -0.200 | 359.60K | |
| 0.495 | -0.195 | 15.20K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.186344 | 4.224837 |
| EUR | 4.692802 | 4.707788 |
| CNY | 0.594564 | 0.595974 |
| HKD | 0.537155 | 0.542118 |
| SGD | 3.243708 | 3.273864 |
Last Updated: Friday, September 20, 2024
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