KUALA LUMPUR, Oct 13 (Bernama) — Bursa Malaysia stayed lower at mid-morning on Tuesday amid mild profit-taking in selected heavyweight counters, as geopolitical tensions rose after attacks on Saudi Arabia. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.96 points to 1,617.05 versus Monday’s close of 1,618.01, after opening 1.39 points weaker at 1,616.62. Market breadth was negative, with 752 decliners outnumbering 246 gainers. Another 354 counters were unchanged, 1,474 remained untraded, and 21 were suspended. Turnover stood at 1.52 billion shares worth RM998.32 million. Among heavyweights, Maybank added five sen to RM10, Public Bank rose three […]

KUALA LUMPUR, Oct 10 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to turn bearish next week due to profit-taking activities. Interband Group of Companies senior palm oil trader Jim Teh said the bearish prices could help reduce Malaysia’s high palm oil stock levels ahead of the Malaysian Palm Oil Board’s (MPOB) September data release on Monday (Oct 12). “The trading range will be between RM4,200 to RM4,300 per tonne. This, in a way, will help to clear out some of our high stock positions,” he said. On physical demand, Teh said buyers were expected […]

KUALA LUMPUR, Oct 6 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday as profit-taking emerged following yesterday’s rebound. Iceberg X Sdn Bhd proprietary trader David Ng said the softer crude oil prices and concerns over elevated domestic inventories weighed on sentiment. At the time of writing, Brent crude declined 2.57 per cent to US$97.74 per barrel. “The softer crude oil prices affected palm oil prices, given its widespread use as a biofuel feedstock. “We see prices supported around RM4,500 per tonne, with resistance at RM4,650 per tonne,” he told Bernama. At the close, […]

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KUALA LUMPUR, Sept 14 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed today, as profit-taking emerged after the prices rose earlier in the session, according to an analyst. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures opened the trading week modestly higher, extending buying momentum as traders tracked sharp gains in crude oil prices during Asian trading hours. “However, after advancing further in the second half of the session, the rally lost steam as profit-taking emerged and steep losses in related vegetable oil markets weighed on sentiment, trimming gains across the […]

KUALA LUMPUR, Sept 12 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade between RM4,400 per tonne and RM4,500 per tonne next week, with profit-taking likely to weigh on the market amid ample palm oil stocks. Interband Group of Companies senior palm oil trader Jim Teh said Malaysia’s palm oil stocks remained high following strong production in August 2026, with the country’s output reaching about 2.8 million tonnes. “We have plenty of CPO stocks; there is no shortage. I think the syndicate speculators will take profit,” he told Bernama. Teh said physical demand would […]

KUALA LUMPUR, Sept 9 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today on profit-taking as the market lost momentum, according to industry experts. Destination demand has slowed, and palm oil is at a tight spread over soybean oil, shifting demand to soybean oil. Mumbai-based Sunvin Group commodity research head …

KUALA LUMPUR, Sept 6 (Bernama) — Gold futures on Bursa Malaysia Derivatives are expected to see some profit-taking early next week ahead of the release of key United States inflation data, said Quintex Intel global strategist Stephen Innes. He said gold futures are expected to track gold prices, which are likely to trade broadly in …

KUALA LUMPUR, Aug 24 (Bernama) — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, weighed down by profit-taking and weaker crude oil prices. At the time of writing, Brent crude fell 1.93 per cent to US$93.03 per barrel. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures …

KUALA LUMPUR, Aug 22 (Bernama) — The ringgit is expected to experience profit-taking next week following its strong rally over the last six trading days. The local note ended at 4.0365/0405 to the US dollar on Friday. Kenanga Investment Bank Bhd (Kenanga IB) said the ringgit’s sharp rally and oversold conditions this week leave room …

KUALA LUMPUR, Aug 22 (Bernama) — The ringgit is expected to experience profit-taking next week following its strong rally over the last six trading days. The local note ended at 4.0365/0405 to the US dollar on Friday. Kenanga Investment Bank Bhd (Kenanga IB) said the ringgit’s sharp rally and oversold conditions this week leave room for profit-taking if US Federal Reserve (Fed) chair Kevin Warsh delivers less dovish guidance at the Jackson Hole Symposium on Aug 27-29. Investors will be watching for clues on the Fed’s policy decision at the upcoming Federal Open Market Committee (FOMC) meeting on Sept 15-16. […]

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