Palm Futures Rise on Bullish Sentiment

KUALA LUMPUR: The crude palm oil futures market on Bursa Malaysia Derivatives continued to record gains yesterday, boosted by bullish external market sentiment, dealers said.

Firmer commodity markets and positive news on the Greek debt problem, lifted investors’ sentiment.

Both spot month June 2012 and July 2012 surged RM17 each to RM3,117 and RM3,147 a tonne, respectively.
August 2012 rose RM14 to RM3,144 and Sept 2012 rose RM13 to RM3,136.

Volume fell to 24,320 lots, from 35,239 lots previously, while open interest decreased to 102,459 contracts, from 101,849, on Friday.

On the physical market, June South rose RM30 to RM3,160.

Source : Business Times

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