FCPO Sept month rose 78 points or 1.96% to 4057 closed higher at midday. Malaysian palm oil futures rose for a fifth consecutive session on Tuesday, underpinned by concerns about weak production and tracking gains in the Dalian market.
Cargo surveyor Intertek Testing Services reported that Malaysian palm oil product exports in June decreased by 11.8% to 1,306,689 tons from 1,481,916 tons in May. Similarly, AmSpec Agri estimated a 15.4% decline in exports, with figures dropping to 1,188,180 tons from 1,404,719 tons in May.
Meanwhile, traders and analysts, citing data from the Malaysian Palm Oil Association, had earlier predicted a 6.3% year-over-year decline in production in Malaysia from June 1-20.
The palm oil prices are likely to continue in upward movement. Immediate support and resistance levels are identified at 4025 and 4061, 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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