Latest news with #BursaMalaysiaDerivatives
Barnama
5 hours ago
- Business
- Barnama
CPO Futures Extend Gains To Close Higher, Tracking Soybean Oil's Rise
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 23 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended gains to close higher on Wednesday, on the back of stronger soybean oil prices. Palm oil trader David Ng said lower CPO production in Indonesia also lifted market sentiment today. "We see CPO prices supported above RM4,250 and resistance at RM4,400," he told Bernama. At the close, the spot-month August contract gained RM48 to RM4,244 per tonne, the September 2025 contract added RM52 to RM4,298, and the October 2025 contract rose RM51 to RM4,315. The November 2025 contract advanced RM49 to RM4,320 per tonne, December 2025 climbed RM47 to RM4,317, and January 2026 gained RM51 to RM4,313. Trading volume rose to 75,900 lots from 75,575 on Tuesday, while open interest eased to 231,569 contracts from 231,767 previously. The physical CPO price for July South increased by RM50 to RM4,270 per tonne. -- BERNAMA
Barnama
5 hours ago
- Business
- Barnama
CPO Futures Snap Three-day Rally On Weaker Export Performance
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended its three-day rally to close lower on Friday, weighed down by lower export performance, a trader said. Palm oil trader David Ng said Russia's announcement on the suspension of export duty for sunflower oil, which could erode palm oil's competitiveness in the vegetable oil market, also pressured prices. 'CPO prices are being impacted by concerns over increased output. We see the support level at RM4,200 per tonne, with resistance at RM4,380,' he told Bernama. At the close, the spot-month August 2025 contract slipped by RM38 to RM4,221 per tonne, the September 2025 contract shed RM52 to RM4,258, and the October 2025 contract dropped RM57 to RM4,273. The November 2025 contract fell RM51 to RM4,283 per tonne, December 2025 decreased RM39 to RM4,290, and January 2026 eased RM31 to RM4,290 per tonne. Trading volume jumped to 82,818 lots from 75,735 lots on Thursday, while open interest reduced to 229,303 contracts from 233,661 previously. The physical CPO price for July South dropped RM50 to RM4,230 per tonne. -- BERNAMA
Barnama
6 hours ago
- Business
- Barnama
Gold Futures End Week Lower On Firm US Jobs Data, Upbeat Trade Sentiment
By Fatin Umairah Abdul Hamid KUALA LUMPUR, July 25 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ends lower on Friday, weighed by strong United States (US) jobs data and improving risk sentiment surrounding trade, said an analyst. SPI Asset Management managing partner Stephen Innes said optimism is building around a potential US-European Union trade deal and a broader Asia-Pacific accord that could include Malaysia. 'The yellow metal is facing headwinds from a stronger dollar and a rotation into risk assets,' he told Bernama. At the close, the spot-month July 2025 contract slipped to US$3,350.0 per troy ounce from US$3,366.8 per troy ounce on Thursday, the August 2025 contract fell to US$3,367.4 per troy ounce from US$3,385.1, and the September 2025 contract dropped to US$3,373.3 per troy ounce from US$3,391.0. The October 2025, December 2025, and February 2026 contracts also settled lower at US$3,402.6 per troy ounce from US$3,420.3 previously. Trading volume inched up to 34 lots from 31 lots, while open interest decreased to 71 contracts from 74 yesterday. Physical gold was priced at US$3,365.85 per troy ounce based on the London Bullion Market Association's afternoon fix on July 24, 2025. -- BERNAMA
Barnama
a day ago
- Business
- Barnama
CPO Futures Extend Rally To End Higher, Tracking Soybean Oil's Uptrend
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued its rally to close higher on Wednesday following the uptrend in soybean oil prices. Palm oil trader David Ng said weaker CPO production in Indonesia also lifted market sentiment today. 'We see CPO prices supported at RM4,200 (per tonne) and resistance at RM4,350,' he told Bernama. At the close, the spot-month August and October 2025 contracts gained RM15 each to RM4,259 and RM4,330 per tonne respectively, while the September 2025 and December 2025 contracts rose RM12 each to RM4,310 and RM4,329 per tonne respectively. The November 2025 contract improved RM14 to RM4,334 per tonne, and January 2026 climbed RM8 to RM4,321 per tonne. Trading volume eased to 75,735 lots from 75,900 lots on Wednesday, while open interest widened to 233,661 contracts from 231,569 previously. The physical CPO price for July South edged up RM10 to RM4,280 per tonne. -- BERNAMA
Barnama
2 days ago
- Business
- Barnama
Gold Futures Settle Higher On Softer US Dollar, Easing Treasury Yields
By Fatin Umairah Abdul Hamid KUALA LUMPUR, July 23 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives settled higher on Wednesday, buoyed by a softer US dollar and easing United States (US) Treasury yields, said an analyst. SPI Asset Management managing partner Stephen Innes told Bernama that the safe-haven metal gained after the US-Japan trade deal sparked a regional risk-on rally. On Tuesday, US President Donald Trump struck a trade deal with Japan, which included cutting US tariffs on the country to 15 per cent from 25 per cent. Innes said gold prices were also influenced by growing concerns over Trump's public criticism of Federal Reserve chair Jerome Powell, as Trump pushed for interest rate cuts that could benefit the economy in the short term. At the close, the spot-month July 2025 contract rose to US$3,442.2 per troy ounce from US$3,395.90 per troy ounce on Tuesday, the August 2025 contract increased to US$3,460.5 per troy ounce from US$3,414.20 yesterday, and the September 2025 contract climbed to US$3,466.4 per troy ounce from US$3,420.10. The October 2025, December 2025, and February 2026 contracts also settled higher at US$3,495.6 per troy ounce from US$3,449.30 previously. Trading volume declined to 30 lots from 52 lots, while open interest widened to 58 contracts from 28. Physical gold was priced at US$3,409.85 per troy ounce based on the London Bullion Market Association's afternoon fix on July 22, 2025.
