CPO Futures End Lower Due to Profit-Taking

CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday due to profit taking after Wednesday sharp gains, said a dealer.

March 2010 and April 2010 shed RM16 each to settle at RM2,611 and RM2,604 respectively, while May 2010 dropped RM28 to RM2,600 and June 2010 declined RM15 to RM2,600.

Turnover slipped to 9,967 lots from 14,161 lots on Wednesday but open interest increased to 81,347 contracts from 79,210 contracts.

On the physical market, March South was quoted at RM2,630, down RM10 from Wednesday price.

Source : Business Times

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