Latest news with #RosemarieKhooMohdSani
Barnama
4 days ago
- Business
- Barnama
Bursa Malaysia Ends Slightly Lower Tracking Regional Markets
By Rosemarie Khoo Mohd Sani KUALA LUMPUR, June 6 (Bernama) -- Bursa Malaysia ended the week slightly lower, tracking the negative performance seen across regional markets, particularly among emerging markets, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.08 per cent, or 1.33 points, to 1,516.79 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, less 1.21 points, and moved between 1,513.39 and 1,518.71 throughout the trading session. Market breadth was negative, as decliners outnumbered gainers 478 to 325. A total of 529 counters remained unchanged, with 1,014 untraded and 20 suspended. Turnover dropped to 1.92 billion units worth RM1.66 billion compared with Thursday's 2.42 billion units valued at RM2.27 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng told Bernama that key regional indices ended mixed as investors remained cautious, awaiting further signals on trade negotiations between the United States (US) and key regional players, especially China. Besides, he said that the weak performance on Wall Street overnight hurt market sentiment globally. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI posted a marginal decline, despite Thursday's notable technical rebound, which helped cushion broader losses.
Barnama
23-04-2025
- Business
- Barnama
CPO FUTURES END HIGHER ON STRONGER SOYBEAN, CRUDE OIL PRICES
WORLD By Rosemarie Khoo Mohd Sani KUALA LUMPUR, April 22 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today on stronger soybean oil and crude oil prices, said palm oil trader David Ng. According to reports, soybean futures rose on signs of strong demand for United States (US) crops, as a weaker US dollar makes exports more competitive. 'We see support at RM3,900 per tonne and resistance at RM4,100 per tonne,' Ng told Bernama. Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said Malaysia's palm oil export performance for April has been promising, while production is also recovering, albeit at a slower pace than expected. Additionally, the recovery in energy and soybean oil prices, as well as improved demand from India, have helped palm oil's performance. 'However, stronger Malaysian ringgit and the global economic uncertainty continued to cap gains,' he said. In a statement today, the Malaysian Palm Oil Council (MPOC) said palm oil prices are expected to remain supported at RM3,900 per tonne in the coming weeks, underpinned by the recovery in soybean oil prices. The MPOC noted that Malaysian palm oil stocks increased in March 2025 after six consecutive months of decline, rising to 1.56 million tonnes.
Barnama
22-04-2025
- Business
- Barnama
Rubber Market Ends Lower Tracking Weaker Regional Futures Markets
By Rosemarie Khoo Mohd Sani KUALA LUMPUR, April 22 (Bernama) -- The Malaysian rubber market ended lower today tracking the weaker regional rubber futures markets and a stronger ringgit versus the US dollar, said a dealer. The Japanese rubber futures traded lower, pressured by a firmer yen and higher supply prospects. Market tone remained quiet amid concerns over global economic uncertainties due to the brewing trade war and geopolitical tensions. Nevertheless, further losses were capped by gains in crude oil prices and optimism over potential Chinese recovery supported by stimulus measures. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 declined by 15.5 sen to 745.00 sen per kilogramme (kg) from Monday, while latex in bulk was down by 5.5 sen to 641.00 sen per kg yesterday. -- BERNAMA
Barnama
22-04-2025
- Business
- Barnama
CPO Futures Close Lower On Weaker Crude Oil, Stronger Ringgit
WORLD By Rosemarie Khoo Mohd Sani KUALA LUMPUR, April 21 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today for the sixth straight day as weaker crude oil prices and a stronger ringgit against the US dollar were weighing down the market, said palm oil trader David Ng. He told Bernama that concern over rising output was also seen as weighing down market sentiment. 'We see support at RM3,850 per tonne and resistance at RM4,080 per tonne,' Ng said. Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market is awaiting data from Southern Peninsular Palm Oil Millers' Association (SPPOMA), UOB Kay Hian and the Malaysian Palm Oil Association (MPOA) for the April 1-20 period, to confirm the double-digit palm oil production recovery in April on a month-on-month basis. 'But the weakening macro situations and the lack of demand at key destination markets for palm oil, particularly India, has put pressure on palm oil prices,' he said. At the close, the May 2025 contract fell RM47 to RM4,070 per tonne, June 2025 decreased RM54 to RM3,962 per tonne, July 2025 slid RM65 to RM3,910 per tonne, August 2025 dropped RM67 to RM3,894 per tonne, September 2025 declined RM75 to RM3,884, and October 2025 inched down RM75 to RM3,884 per tonne. Trading volume dropped to 70,503 lots from 72,684 lots last Friday, while open interest eased to 238,488 contracts from 239,000 previously. The physical CPO price for May South was RM130 lower at RM4,120 per tonne.
