BURSA MALAYSIA DERIVATIVES

THE crude palm oil(cpo) futures contracts on Bursa Malaysia Derivatives were lower today, due to profit taking activity on concerns that the market was overbought, dealers said.

However, dealers expect demand to prevail for the local CPO tomorrow with a huge export volume, which will support the price in staying above the RM3,000 level.

April 2012 fell RM33 to RM3,370 per tonne, May 2012 was down RM35 to RM3,368 per tonne, June 2012 declined RM24 to RM3,373 a tonne and July 2012 decreased RM25 to stand at RM3,366 a tonne.

Volume advanced to 24,893 lots from 24,583 lots last Friday.

Open interest fell to 125,642 contracts from the 130,371 contracts, recorded previously.

On the physical market, March South was down RM20 to RM3,360 per tonne. - Bernama The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives closed untraded today.

The spot month March 2012 remained at 96.81 while April 2012 and May 2012 were both pegged at 96.83 and June 2012 was quoted at 96.78. Open interest totalled 25,486 contracts.

The underlying rate remained at 3.19% at 11 am fixing.

The five-year Malaysian Government Securities (MGS) futures contracts were also listless. - Bernama