CPO Futures End Easier on Profit-Taking

KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives ended easier yesterday on profit-taking, dealers said.

“Traders booked profits after a bullish performance recently,” said a dealer.

The market closed on Wednesday in conjunction with the installation of Tuanku Abdul Halim Mu’azam Shah as the 14th Yang di-Pertuan Agong.

April 2012 and nearby May 2012 dropped RM49 each to end at RM3,596 and RM3,570 a tonne respectively.

June 2012 fell RM54 to RM3,559 , while July 2012 declined RM49 to RM3,540.

Volume rose to 26,342 lots from the 25,488 lots on Tuesday, while open interest fell to 118,153 from 122,122 contracts previously.

On the physical market, April South shed to RM3,570 from RM3,600

Source: Business Times

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