FCPO Sep month down 4 points or 0.10% to closed moderately lower at 3928. Malaysian palm oil futures showed little movement on Friday before a prolonged weekend, as investors considered the impact of reduced prices for competing oils and a weaker ringgit.
According to a statement from the Malaysian Palm Oil Council (MPOC), prices are expected to receive support around RM3,900 per tonne in June, driven by tightening supplies from Malaysia and Indonesia anticipated later in 2024, coupled with increased shipments. However, the MPOC also noted that prices are likely to face a ceiling around RM4,150 per tonne due to an anticipated surplus of oilseeds in the near future.
Overnight Soybean oil Jul Month rose 0.05 to 43.73. Soybean oil Futures closed higher. Dalian’s active palm oil contract dropped 22 to 7558 at yesterday night session.
Tracking the mixed performance in competing edible oils markets, palm prices are anticipated to open lower and trade within a range with bearish movement. The immediate support and resistance levels are pinpointed at 3898 and 3951, respectively.
(News Source: Reuters; The Edge Malaysia)
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 0.140 | -0.015 | 186.50M | |
| 0.075 | -0.025 | 155.92M | |
| 0.055 | -0.015 | 99.28M | |
| 0.690 | 0.080 | 82.57M | |
| 0.140 | -0.005 | 79.24M | |
| 0.910 | -0.035 | 76.23M | |
| 0.380 | -0.005 | 63.74M | |
| 0.105 | -0.005 | 60.13M | |
| 0.245 | -0.015 | 57.56M | |
| 0.615 | -0.005 | 57.07M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 13.780 | 0.340 | 99.90K | |
| 31.300 | 0.300 | 43.10K | |
| 7.280 | 0.230 | 554.30K | |
| 15.560 | 0.200 | 97.40K | |
| 30.480 | 0.200 | 231.60K | |
| 4.510 | 0.140 | 476.40K | |
| 3.000 | 0.130 | 8.28M | |
| 5.890 | 0.120 | 261.90K | |
| 3.570 | 0.120 | 2.62M | |
| 5.360 | 0.110 | 607.50K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 100.700 | -1.100 | 34.70K | |
| 18.040 | -0.920 | 372.50K | |
| 27.200 | -0.400 | 223.40K | |
| 19.260 | -0.240 | 371.70K | |
| 20.480 | -0.220 | 1.05M | |
| 7.790 | -0.210 | 439.60K | |
| 4.190 | -0.200 | 12.70M | |
| 6.600 | -0.140 | 5.73M | |
| 2.090 | -0.140 | 8.56M | |
| 0.015 | -0.135 | 143.00K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.186095 | 4.224386 |
| EUR | 4.685732 | 4.700656 |
| CNY | 0.595462 | 0.596801 |
| HKD | 0.537358 | 0.541779 |
| SGD | 3.239345 | 3.269267 |
Last Updated: Monday, September 23, 2024
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