FCPO May month rose 11 points or 0.24% to closed higher at 4576 on midday session. Malaysian crude palm oil futures traded within a narrow range on Wednesday as market participants awaited further insights from an industry conference. A weaker ringgit and expectations of low stockpiles by the end of February provided some support.
We maintain our view that the actively traded FCPO contract remains in a sideways consolidation, with the range narrowing and a potential breakout in either direction. We anticipate a further downside bias as the price is trading below the mid-range of 4480–4485. The primary plan is a rebound sell, with a likely move toward 4550–4555. A break below this level could lead to further declines toward 4530–4535. However, if the price holds above the mid-range, the strategy shifts to a buy plan. The immediate support and resistance levels are identified at 4560 and 4585, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.095 | -0.015 | 171.30M | |
| 0.075 | 0.000 | 124.77M | |
| 0.095 | 0.000 | 124.63M | |
| 0.095 | -0.015 | 100.03M | |
| 0.135 | -0.020 | 72.77M | |
| 0.035 | -0.005 | 55.24M | |
| 0.145 | -0.010 | 40.69M | |
| 0.080 | -0.015 | 34.61M | |
| 0.145 | -0.015 | 34.41M | |
| 0.005 | 0.000 | 22.40M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 1.580 | 0.120 | 1.09M | |
| 1.060 | 0.090 | 144.30K | |
| 2.010 | 0.050 | 24.50K | |
| 4.750 | 0.050 | 133.80K | |
| 1.780 | 0.050 | 104.60K | |
| 6.270 | 0.040 | 74.70K | |
| 1.830 | 0.030 | 193.60K | |
| 0.380 | 0.030 | 2.00K | |
| 2.040 | 0.030 | 18.00K | |
| 0.540 | 0.030 | 1.00K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 26.120 | -0.380 | 24.90K | |
| 19.600 | -0.320 | 5.50K | |
| 17.500 | -0.300 | 1.30K | |
| 0.370 | -0.260 | 0.60K | |
| 27.300 | -0.200 | 0.60K | |
| 13.000 | -0.200 | 0.80K | |
| 19.300 | -0.200 | 16.00K | |
| 0.240 | -0.180 | 50.00K | |
| 0.215 | -0.155 | 518.00K | |
| 6.720 | -0.140 | 3.92M |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.352538 | 4.386792 |
| EUR | 5.042978 | 5.047979 |
| CNY | 0.599099 | 0.599744 |
| HKD | 0.561079 | 0.565009 |
| SGD | 3.342280 | 3.365777 |
Last Updated: Tuesday, April 22, 2025
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