Latest news with #SitiNoorAferaAbu
Barnama
3 days ago
- Business
- Barnama
CPO FUTURES SLIP ON WEAK SOYBEAN OIL, SNAPPING 5-DAY RALLY
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 30 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped its five-day rally to close lower on Friday, dragged down by weakness in the soybean oil market, said palm oil trader David Ng. He noted that key support and resistance levels are seen at RM3,800 and RM4,000 per tonne respectively. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures close lower as traders booked their profits ahead of the long weekend. At the close, the spot month June 2025 contract lost RM41 to RM3,888 per tonne, July 2025 decreased by RM51 to RM3,491 per tonne, and August 2025 went down RM54 to RM3,878 per tonne. September 2025 was RM51 lower at RM3,870 per tonne, October 2025 slid by RM49 to RM3,870 per tonne, and November 2025 eased RM46 to RM3,874 per tonne. Trading volume fell to 59,698 lots from 69,553 lots yesterday, while open interest narrowed to 241,994 contracts from 244,448 contracts previously. The physical CPO price for June South fell by RM30 to RM3,930 per tonne. Bursa Malaysia Bhd and its subsidiaries will be closed on June 2 in conjunction with the official birthday of His Majesty Sultan Ibrahim, King of Malaysia and would resume operations on June 3 (Tuesday).
Barnama
6 days ago
- Business
- Barnama
CPO Futures Extend Gains, Lifted By Stronger Soybean Oil Prices
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward trend to close higher today, as market sentiments were boosted by the rise in soybean oil prices on the Chicago Board of Trade. Palm oil trader David Ng said expectations of increased demand for CPO from China and other markets also contributed to the rise in prices. 'We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot month June 2025 contract rose by RM32 to RM3,867 per tonne, July 2025 increased by RM32 to RM3,875 per tonne, and August 2025 went up RM35 to RM3,868 per tonne. September 2025 advanced by RM37 to RM3,862 per tonne, October 2025 gained RM36 to RM3,865 per tonne, and November 2025 rose by RM33 to RM3,866 per tonne. Trading volume widened to 49,593 lots from 34,817 yesterday, while open interest was slightly lower at 243,185 contracts from 243,913 contracts previously. The physical CPO price for June South was increased by RM30 to RM3,900 per tonne. -- BERNAMA
Barnama
25-04-2025
- Business
- Barnama
Firms Must Remain Vigilant To Prevent Cyberattacks
25/04/2025 05:06 PM By Zarul Effendi Razali and Siti Noor Afera Abu KUALA LUMPUR, April 25 (Bernama) -- Businesses, including brokerage firms, must regularly conduct security assessments and cybersecurity penetration testing to detect potential vulnerabilities and prevent future cyberattacks, said LGMS Bhd executive chairman Fong Choong Fook. He stressed that organisations must consistently identify possible weaknesses in their systems, including those from applications and end-user access points. 'Businesses and brokerage firms need to change their mindset. Hackers no longer target specific industries—they will randomly attack all industries,' he said to Bernama. LGMS is a global technology research and advisory firm, specialising in Technical Security Services (TSS) and Strategic Security Services (SSS) in cybersecurity. Earlier in a joint statement, the Securities Commission Malaysia (SC) and Bursa Malaysia Bhd said they have received reports from a few brokers who identified failed client logins and unauthorised access or trading activities executed via limited clients' online trading accounts. 'Capital market regulators and brokers are on alert and remain vigilant while working closely to ascertain the root cause of the incident, and to implement any further necessary measures. 'We wish to assure all investors that the integrity of Malaysia's capital market remains intact,' the statement said. Commenting on this, Fong has urged the SC and Bursa to review the existing cyber risk management framework at a more granular level.
