Latest news with #BursaMalaysiaDerivatives
Barnama
12 hours ago
- Business
- Barnama
CPO Futures Close Higher On Stronger Soybean Oil Prices
By Nur Athirah Mohd Shaharuddin KUALA LUMPUR, July 29 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Tuesday on the back of stronger soybean oil prices, according to palm oil trader David Ng. However, he noted that expectations of rising production and subdued demand are limiting further price gains. "We see CPO prices supported above RM4,250 and resistance at RM4,400 a tonne," he told Bernama. At the close, the spot-month August contract gained RM38 to RM4,188 per tonne, September 2025 added RM8 to RM4,231 per tonne, and October 2025 edged up RM12 to RM4,254 per tonne. The November 2025 contract increased RM16 to RM4,269 per tonne, December 2025 climbed RM19 to RM4,279 per tonne, and January 2026 put on RM21 to RM4,284 per tonne. Trading volume jumped to 61,890 lots from 48,430 lots on Monday, while open interest slipped to 224,301 contracts from 226,093 contracts previously. The physical CPO price for July South rose RM10 to RM4,210 per tonne. -- BERNAMA
Barnama
2 days ago
- Business
- Barnama
Gold Futures Forecast To Trade Range-bound Next Week
By Fatin Umairah Abdul Hamid KUALA LUMPUR, July 26 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade in a narrow range next week, tracking United States (US) COMEX gold amid the potential finalisation of US trade agreements with the European Union (EU) and Asia-Pacific countries, said an analyst. SPI Asset Management managing partner Stephen Innes noted that the EU and the US are moving towards a trade deal that could include a 15 per cent US baseline tariff on EU goods and possible exemptions. However, he said, the yellow metal could find support if the US dollar weakens, especially amid speculation over Federal Reserve chair Jerome Powell's stance on interest rates. 'My outlook for the week ahead sees gold finding a bid near the US$3,335 area, with topside resistance around US$3,395 (per troy ounce). The broader range will be dictated by how much traction the 'soft landing plus trade peace' narrative gains versus lingering macroeconomic uncertainty and rate expectations,' he told Bernama. On a weekly basis, the spot-month July 2025 contract slipped to US$3,350.0 per troy ounce on Friday from US$3,360.0 a week earlier, the August 2025 contract decreased to US$3,367.4 per troy ounce from US$3,378.3 previously, and the September 2025 contract fell to US$3,373.3 per troy ounce from US$3,384.20. Meanwhile, the October 2025, December 2025, and February 2026 contracts also settled lower at US$3,402.6 per troy ounce from US$3,413.40 previously. Weekly trading volume expanded to 34 lots from 12 lots in the previous week, while open interest rose to 71 contracts from 67 contracts. 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.
Barnama
2 days ago
- Business
- Barnama
CPO Futures Expected To Trade With Downward Bias Next Week
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 26 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week due to profit-taking from the recent rally. Interband Group of Companies senior palm oil trader Jim Teh said the palm oil stock in June is high, at about two million tonnes; hence, prices are expected to trade in a tight range between RM3,800 per tonne and RM3,900 per tonne next week. 'The physical demand for palm oil would come from China, India, Pakistan, the Middle East and European countries,' he told Bernama. Similarly, palm oil trader David Ng said the rising output and stock levels of CPO in Malaysia will be the market focus next week. He said Russia's announcement on the suspension of export duty for sunflower oil, as reported, might have a short-term impact on CPO prices. 'We expect prices to trade between RM4,150 per tonne and RM4,300 per tonne next week,' he said. On a weekly basis, the August 2025 contract slid RM41 to RM4,221 per tonne, while the September 2025 contract shrank RM51 to RM4,258 per tonne, and the October 2025 contract shed RM42 to RM4,273 per tonne. The November 2025 contract inched down RM22 to RM4,283 per tonne, December 2025 remained unchanged from last week at RM4,290 per tonne, and January 2026 gained RM15 to RM4,290 per tonne.
New Straits Times
3 days ago
- Business
- New Straits Times
CPO futures expected to trade with downward bias next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week due to profit-taking from the recent rally. Interband Group of Companies senior palm oil trader Jim Teh said the palm oil stock in June is high, at about two million tonnes; hence, prices are expected to trade in a tight range between RM3,800 per tonne and RM3,900 per tonne next week. "The physical demand for palm oil would come from China, India, Pakistan, the Middle East and European countries," he told Bernama. Similarly, palm oil trader David Ng said the rising output and stock levels of CPO in Malaysia will be the market focus next week. He said Russia's announcement on the suspension of export duty for sunflower oil, as reported, might have a short-term impact on CPO prices. "We expect prices to trade between RM4,150 per tonne and RM4,300 per tonne next week," he said. On a weekly basis, the August 2025 contract slid RM41 to RM4,221 per tonne, while the September 2025 contract shrank RM51 to RM4,258 per tonne, and the October 2025 contract shed RM42 to RM4,273 per tonne. The November 2025 contract inched down RM22 to RM4,283 per tonne, December 2025 remained unchanged from last week at RM4,290 per tonne, and January 2026 gained RM15 to RM4,290 per tonne. The weekly trading volume shrank to 385,858 lots from 555,657 lots last week, while open interest went down to 229,303 contracts from 237,735 contracts. The physical CPO price for July South was RM60 lower at RM4,230 per tonne.
Barnama
4 days ago
- Business
- Barnama
FBM KLCI Futures To Trade Within Narrow Range Next Week On Cautious Sentiment
WORLD By Harizah Hanim Mohamed KUALA LUMPUR, July 26 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives is expected to trade within a narrow range next week, tracking the underlying cash market. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the resistance level is located at 1,540 and the support at 1,520, with the FBM KLCI is likely to remain range-bound between 1,510 and 1,540 in the coming week. 'Over the past few weeks, the benchmark index has repeatedly tested and hovered around the 1,530 without making a clear breakout. The ongoing sideways movement since June, coupled with thinning volume, signals cautious investor sentiment,' he told Bernama. On a weekly basis, the spot month July 2025 and August 2025 contracts gained four points each to 1,531.5 and 1,528.5, respectively. September 2025 added 5.5 points to 1,509.5, while December 2025 inched up 3.5 points to 1,511.5. Turnover for the week improved to 28,103 lots from 25,123 lots in the previous week, while open interest jumped to 48,755 contracts from 38,963 contracts previously. The FBM KLCI ended the week better, advancing 7.90 points to 1,533.76 from 1,525.86 in the previous week. -- BERNAMA
