CPO Futures Closed Higher on Improved Interest

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher yesterday on the back of improved buying interest, dealers said.

A dealer said the market was choppy with less trading throughout the day.

“Last-minute buying supported the performance today. However, it failed to test the RM3,280 a tonne level,” she said.

March 2012 gained RM9 to RM3,225 a tonne; April 2012 rose RM14 to RM3,255 a tonne; May 2012 added RM22 to RM3,272 a tonne; and June 2012 jumped RM20 to RM3,270 a tonne.

Trading volume fell to 23,993 lots from Wednesday’s 28,637 lots. Bernama

Source: Business Times

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