FCPO May month dropped 96 points or 2.08% to closed lower at 4515 on midday session. Malaysian palm oil futures tumbled on Thursday, ending a two-day winning streak as bearish industry forecasts and weakness in rival oils pressured the contract.
We maintain our view that the actively traded FCPO contract remains in sideways consolidation. The price opened lower, reaching a low of 4,491, close to the bottom of the range. Our outlook remains slightly bearish, expecting the price to continue trading near the lower end of the range. The primary strategy remains selling on rebounds. If the price breaks below the 4,490–4,485 support zone, further declines toward 4,465–4,470 are possible. However, if the bottom area holds as support, sideways trading may persist, with potential buying interest emerging. The immediate support and resistance levels are identified at 4515 and 4537, respectively.
(News Source: Reuters)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.040 | 0.000 | 87.21M | |
| 0.345 | 0.025 | 39.53M | |
| 0.880 | -0.010 | 37.43M | |
| 0.370 | 0.075 | 28.12M | |
| 0.910 | 0.000 | 25.14M | |
| 0.185 | 0.000 | 24.20M | |
| 0.295 | 0.045 | 22.88M | |
| 0.240 | -0.010 | 21.81M | |
| 0.150 | -0.010 | 20.62M | |
| 0.740 | 0.010 | 20.40M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 80.500 | 0.700 | 150.10K | |
| 1.730 | 0.230 | 58.80K | |
| 17.000 | 0.200 | 249.70K | |
| 0.800 | 0.190 | 178.00K | |
| 0.395 | 0.185 | 0.10K | |
| 1.450 | 0.170 | 778.50K | |
| 19.500 | 0.160 | 116.20K | |
| 1.270 | 0.150 | 37.00K | |
| 1.940 | 0.140 | 31.50K | |
| 19.980 | 0.140 | 506.60K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 25.900 | -0.840 | 59.10K | |
| 27.500 | -0.500 | 7.50K | |
| 15.100 | -0.360 | 87.50K | |
| 18.740 | -0.260 | 2.60K | |
| 17.340 | -0.240 | 19.60K | |
| 19.920 | -0.200 | 86.60K | |
| 26.500 | -0.160 | 232.50K | |
| 3.110 | -0.140 | 774.20K | |
| 13.440 | -0.120 | 7.90K | |
| 13.980 | -0.120 | 29.70K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.393408 | 4.428928 |
| EUR | 5.005959 | 5.023744 |
| CNY | 0.602745 | 0.604678 |
| HKD | 0.565674 | 0.570807 |
| SGD | 3.346150 | 3.376734 |
Last Updated: Monday, April 21, 2025
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