Friday, February 24, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 24022017

BURSA MALAYSIA OPENS HIGHER

    KUALA LUMPUR, Feb 24 (Bernama) -- Bursa Malaysia opened higher today,
lifted by the overnight gains on Wall Street following President Donald Trump's
pledge of bringing back millions of jobs to the country.
    At 9.05 am, the KLCI stood at 1,707.01, up 2.53 points, from Thursday's
close of 1,704.48.
    The index opened two points higher at 1,706.48 at 9 am.
    Market breadth was positive with gainers leading losers 162 to 126 while
187 counters were unchanged, 1,245 untraded and 53 others were suspended.
    Turnover stood at 192.96 million shares worth RM77.26 million.
    A dealer said Trump's promises buoyed the overnight US equities market
to record highs, with the Dow Jones Industrial Average up 34.72 points to
20,810.32 and the Standard & Poor's 500 Index added 0.99 points to 2,363.81.
    "News reports also expect that a series of proposals, such as tax reforms
and increased infrastructure spending, which Trump had promised during his
presidential election campaign, will be introduced," he said.
    On the local front, BAT emerged as the top gainer with its share up 40 sen
at RM50, Petron Malaysia increased 37 sen to RM6.38 and IGB Corp garnered 31 sen
to RM2.83.
    Of heavyweights, Maybank rose seven sen to RM8.47, Tenaga garnered six
sen to RM13.56, Petronas Chemicals improved eight sen to RM7.45 and Maxis added
two sen to RM6.40.
    Among actives, Frontken bagged two sen to 23.5 sen, JAG and Perak Transit
perked one sen each to 15 sen and 17.5 sen, respectively, while Dagang Nexchange
remained flat at 41 sen.
    The FBM Emas Index was 7.76 points better at 12,030.33, FBM Emas Shariah
Index inched up 0.5-of-a-point to 12,472.40 and the FBMT100 Index advanced 8.62
points to 11,706.28.
    The FBM Ace jumped 47.38 points to 5,355.18 but the FBM 70 fell 23.02 points
to 13,914.34.
    On a sectoral basis, the Finance Index improved 19.22 points to 15,067.59,
the plantation Index climbed 6.19 points to 8,058.22 but Industrial Index was
6.75 points lower at 3,285.55.

How to trade Crude Palm Oil Futures ( FCPO ) 24022017

PALM OIL: Futures Decline to Three-Month Low on Supply Concerns

     (Bloomberg) -- Palm oil for May delivery closes -1% to
2,782 ringgit/ton on Bursa Malaysia Derivatives, lowest for
most-active contract since Nov. 4.
  * Futures drop for 5th time in 6 sessions, set for -2.7% this
    week
  * There are concerns that demand may not improve while
    production starts to recover, according to Tasvinderjit
    Singh, associate director at CIMB Futures in Kuala Lumpur
  * READ: Palm Oil Output Seen Recovering as El Nino Effect
    Recedes: MPOC
  * NOTE: Malaysia’s Feb. 1-20 palm oil exports fell 0.8% from
    same period a month earlier, according to Intertek
  * Stronger ringgit also weighing on futures, Singh says
    * NOTE: Malaysian ringgit +0.1% Thursday
  * NOTE: Malaysian Palm Oil Association est. Feb. 1-20 crude
    palm oil production -2.4% m/m
    * Output est. -4.5% m/m in Sarawak, -1.9% m/m in Sabah,
      -2.4% m/m in Peninsular Malaysia
  * This is bearish for the market as the drop in production is
    less steep than initially expected, says Paramalingam
    Supramaniam, director at Selangor-based brokerage Pelindung
    Bestari
  * Soybean oil for May delivery on Chicago Board of Trade -0.6%
    to 32.81c/lb; May soybeans -0.3% to $10.30 1/4 a bushel
  * Soybean oil’s premium over palm oil at ~$98/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$123/ton vs avg ~$218
    over past year: data compiled by Bloomberg
  * May refined palm oil on Dalian Commodity Exchange ends -1.5%
    at 5,790 yuan/ton; May soybean oil -1.1% to 6,584 yuan/ton

Thursday, February 23, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 23022017

PALM OIL: Futures Rebound From 3-Month Low as Demand Assessed

(Bloomberg) -- Palm oil for May delivery closes +1% at 2,811 ringgit/ton on Bursa Malaysia Derivatives, biggest gain since Feb. 2 that snaps 4-day losing streak.
  • Palm closed -1.7% at 2,783 ringgit on Tuesday, lowest since Nov. 4
  • Futures lifted by short-covering activities after prices dropped in previous session, according to Rajesh Modi, trader at Sprint Exim in Singapore
  • “The market is waiting for demand, while production is expected to increase from March,” Modi says
    • Prices seen between 2,700-2,900 ringgit until early March
  • NOTE: Malaysia’s Feb. 1-20 palm oil exports -0.8% m/m to 733,288 tons: Intertek; shipments +1.7% m/m to 745,564 tons, according to SGS
  • Soybean oil for May delivery on Chicago Board of Trade +0.9% to 33.24c/lb; May soybeans +0.2% to $10.39 a bushel
  • Soybean oil’s premium over palm oil at ~$102/ton vs avg ~$91 over past year: data compiled by Bloomberg
  • Palm oil’s premium over gasoil at ~$138/ton vs avg ~$218 over past year: data compiled by Bloomberg
  • May refined palm oil on Dalian Commodity Exchange closes -0.3% at 5,878 yuan/ton; May soybean oil -0.2% to 6,654 yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 23022017

KL SHARES OPEN HIGHER

    KUALA LUMPUR, Feb 23 (Bernama) -- Shares on Bursa Malaysia were higher in
the early session today on strong buying support.
    At 9.05 am, the KLCI stood at 1,708.81, up 0.73-of-a-point from Wednesday's
close of 1,708.08.
    The index opened 1.46 points higher at 1,709.54 at 9 am.
    Market breadth was positive with gainers leading losers by 148 to 109 while
198 counters were unchanged, 1,265 untraded and 19 others were suspended.
    Turnover stood at 169.93 million shares worth RM71.68 million.
    In a note today, RHB Retail Research said the buyers still controlled the
market, as the KLCI settled at 1,710 points yesterday and was still trading
above the 1,696-point support level.
    Alliance DBS Research said that the support level identification had
explained why the well-informed minority knowledgeable market participants were
unwilling to play a more aggressive selling game.  
    "So, the market is expected to consolidate between 1,700 and 1,713 in the
coming few days, as market continues to balance out the disequilibrium created
in the demand supply equation recently," it said.
    The research house expected the KLCI to trade above the 1,709.1 level.
    Of the heavyweights, Public Bank added two sen to RM20.06, Petronas
Chemicals gained three sen to RM7.40, Genting improved one sen to RM9.95 while
Maybank and Tenaga Nasional both remained unchanged at RM8.42 and RM13.52,
respectively.
    Among actives, Dagang Nexchange inched up half-a-sen to 39 sen and its
warrant went up one sen to 10.5 sen, RGB fell four sen to 29 sen while Sterling
Progress and AirAsia X were unchanged at 21 sen and 41.5 sen, respectively.
    The FBM Emas Index rose 8.92 points to 12,055.36, FBM Emas Shariah Index
bagged 11.68 points to 12,528.44 and the FBMT100 Index garnered 5.40 points to
11,728.21.
    The FBM 70 rose 7.91 points to 13,976.80 and the FBM Ace advanced 5.29
points to 5,381.07.
    On a sectoral basis, the Finance Index climbed 8.13 points to 15,073.77,
Industrial Index gained 5.31 points to 3,289.27 and the Plantation Index was
27.74 points firmer at 8,059.95.

Wednesday, February 22, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 22022017

SOY: Price Has Longest Slump in Three Weeks on Brazil Crop Gain

     (Bloomberg) -- Soybean futures for May delivery decline
0.6% to close at $10.37 1/4 a bushel on Chicago Board of Trade
after touching $10.36 3/4, lowest for contract since Feb. 6.
  * Price falls for third straight session, longest slump since
    Jan. 30
  * CROP TOUR: Mato Grosso’s Yields, Output Seen at Record
  * NOTE: Brazil’s harvest 25% complete as of Feb. 17, up from
    five-year average of 17, Safras says
  * NOTE: Most Argentina Corn, Soy Crops Benefit From Rain
  * “Harvest is progressing, and the crop potential in Brazil
    is stellar,” Greg Grow, director of agribusiness at Archer
    Financial Services in Chicago, says in telephone interview
  * “We should expect to see a slowdown in U.S. exports”
  * In week ended Feb. 16, inspections for export fell 30% from
    a year earlier, USDA says Tuesday in report
  * Soybean-meal futures for May delivery fall 0.6% to $341.90
    for 2,000 pounds, capping first three-day drop since Jan. 3
  * Soybean-oil futures for May delivery drop 0.6% to 32.95c/lb
    after touching 32.77c, lowest for contract since Sept. 15
  * May price drops for record eighth straight session
  * EARLIER: Palm Oil Drops to Three-Month Low on Rising Edible
    Oil Supply

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 22022017

BURSA MALAYSIA OPENS SLIGHTLY HIGHER

    KUALA LUMPUR, Feb 22 (Bernama) -- Bursa Malaysia opened slightly higher
today, tracking the overnight gains on Wall Street amid improved crude oil
prices.
    At 9.05 am, the KLCI stood at 1,707.62, up 1.07 points from Tuesday's close
of 1,706.55.
    The index opened 2.14 points higher at 1,708.69 at 9 am.
    Market breadth was positive with gainers leading losers by 184 to 78, while
181 counters were unchanged, 1,285 untraded and 21 others were suspended.
    Turnover stood at 152.36 million shares worth RM62.01 million.
    In a note, Public Investment Bank Bhd said, the KLCI opened higher today
after US stocks climbed to record highs overnight amid an improved US dollar as
a wave of optimism about the prospects for global growth swept through the
markets.
    "On Wall Street, the overnight Dow Jones Industrial Average rose 118.95
points to 20,743, marking the eighth straight session of closing records for the
blue-chip average," it said.   
    Meanwhile, US oil prices were reportedly held near seven-week highs today
after the Organisation of the Petroleum Exporting Countries was upbeat on
oil production cut.
    Of the heavyweights, Maybank and Petronas Chemicals both added four sen each
to RM8.44 and RM7.37, respectively, while Maxis and CIMB inched up one sen each
to RM6.46 and RM5.09, respectively.
    Among actives, Vivocom and its warrant improved half-a-sen each to 18.5 sen
and 8.5 sen, respectively, Hibiscus Petroleum gained one sen to 52 sen and Hiap
Huat rose 1.5 sen to 10 sen.
    The FBM Emas Index increased by 9.51 points to 12,036.47, FBM Emas Shariah
Index bagged 7.52 points to 12,527.65 and the FBMT100 Index garnered 6.88 points
to 11,713.21.
    The FBM 70 rose 6.37 points to 13,932.96 and the FBM Ace perked 25.16 points
to 5,405.56.
    On a sectoral basis, the Finance Index jumped 26.28 points to 15,091.55 and
the Industrial Index advanced 2.55 points to 3,281.24.
    The Plantation Index, however, was 0.87-of-a-point lower at 8,005.08.

Tuesday, February 21, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 21022017

PALM OIL: Futures Gain Most in a Week as Output, Demand Weighed

(Bloomberg) -- Palm oil for May delivery rises as much as 1% to 2,860 ringgit/ton on Bursa Malaysia Derivatives, biggest intraday gain since Feb. 10.
  • Trades +0.2% at 2,837 ringgit by 12:04pm in Kuala Lumpur; earlier -0.3%
  • The market is testing the psychological support level at 2,800 ringgit and there some short covering at these levels, Donny Khor, deputy director of futures & commodities at RHB Investment Bank in Kuala Lumpur, says by phone. Expectations of tight supplies in Feb. will continue to underpin market in near term, he says
    • Uncertainty about demand from consuming countries, anticipation for palm oil production to recover from March onward is capping price gains: Khor
  • NOTE: Malaysia Feb. 1-20 palm oil exports -0.8% m/m to 733,288 tons: Intertek; shipments +1.7% m/m to 745,564 tons according to SGS
  • NOTE: Palm Oil Output Seen Recovering as El Nino Effect Recedes: MPOC
  • Soybean oil for May delivery on Chicago Board of Trade unchanged at 33.16c/lb; May soybeans +0.6% to $10.49 3/4 a bushel
  • Soybean oils premium over palm oil at ~$95/ton vs avg ~$91 over past year: data compiled by Bloomberg
  • Palm oil premium over gasoil at ~$141/ton vs avg ~$219 over past year: data compiled by Bloomberg
  • May refined palm oil on Dalian Commodity Exchange -1.2% to 5,860 yuan/ton; May soybean oil -0.9% to 6,638 yuan/ton