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Tuesday, February 28, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 28022017


BURSA MALAYSIA ENDS MORNING SESSION MARGINALLY LOWER
KUALA LUMPUR, Feb 28 (Bernama) -- Bursa Malaysia ended the morning session marginally lower today in range-bound trading, with profit-taking seen largely in small-capitalised stocks.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.14-of-a-point lower at 1,693.70, after moving between 1,690.64 and 1,694.82 throughout
the morning.
The index opened 2.74 points weaker at 1,691.10 at 9.00am.
Market breadth was negative with losers beating gainers by 572 to 213 with 328 counters unchanged, 608 untraded and 47 others suspended.
Turnover stood at 1.13 billion shares worth RM936.12 million.
A dealer said the local bourse saw extended profit-taking consolidation ahead of the release of the details on major policy initiatives to be announced by US President Donald Trump.
"There were selling pressure in the small-capitalised stocks while buying on selected heavyweights were supporting the index," he said.
Meanwhile, the regional markets were mixed as investors regained their appetite for Asian equities lifted by fresh highs in US markets ahead of Trump’s speech to Congress, another dealer said.
Hong Kong's Hang Seng slid 0.06 per cent to 23,910.50, Japan's Nikkei 225 rose 0.71 per cent to 19,242.37, South Korean Kospi's gained 0.32 per cent to 2,092.10 and Singapore's Straits Times slid 0.23 per cent to 3,101.26.
Among heavyweights, Maybank fell three sen to RM8.59 and Petronas Chemicals eased six sen to RM7.24. Public Bank added six sen to RM20 and Sime Darby gained
four sen to RM9.11. TNB was flat at RM13.54.
Of the actives, Hibiscus Petroleum shed 1.5 sen to 47 sen and JAKS Resources fell 18 sen to RM1.05. AT Sysyematization and its warrant were flat at four sen and three sen respectively.
The FBM Emas Index fell 11.85 points to 11,929, FBM Emas Shariah Index shed 9.27 points to 12,365.93 and the FBMT100 Index eased 3.15 points to 11,622.19.
The FBM Ace decreased 45.71 points to 5,241.43 and the FBM 70 fell 11.92 points to 13,841.76.
On a sectoral basis, the Finance Index slipped 9.09 points to 15,035.48, Plantation Index eased 7.30 points to 8,071.41 and the Industrial Index fell 8.92 points to 3,250.42.

How to trade Crude Palm Oil Futures ( FCPO ) 28022017

PALM OIL: Futures Extend Drop to Near 4-Month Low on Production

     (Bloomberg) -- Palm oil for May delivery declines as much
as 0.7% at 2,736 ringgit/ton on Bursa Malaysia Derivatives,
lowest for most-active contract since Nov. 4.
  * Futures trade at 2,742 ringgit by 3:57pm in Kuala Lumpur;
    -12% YTD
  * Expectations of rising production and falling demand
    continue to pressure palm oil prices, says Gnanasekar
    Thiagarajan, head of trading and hedging strategies at
    Kaleesuwari Intercontinental
  * NOTE: Olam Bearish on Palm Oil Prices From 2Q as Output Seen
    Climbing
  * NOTE: Malaysia’s Feb. palm oil exports -14.2% m/m: Intertek
  * NOTE: Palm Oil Prices Seen in 2,600-3,000 Rgt Range Until
    2Q: Felda
  * NOTE: Sime Darby Palm Oil Production Seen +4% This Year:
    Dass
  * Soybean oil for May delivery on Chicago Board of Trade +0.4%
    to 32.76c/lb; May soybeans +0.5% to $10.27 a bushel
  * Soybean oil’s premium over palm oil at ~$103/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$120/ton vs avg ~$216
    over past year: data compiled by Bloomberg
  * May refined palm oil on Dalian Commodity Exchange -0.3% to
    close at 5,786 yuan/ton; May soybean oil little changed at
    6,572 yuan/ton

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

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 21022017

MALAYSIA STILL LOWER AT MID-AFTERNOON
KUALA LUMPUR, Feb 21 (Bernama) -- Bursa Malaysia continued its downtrend at mid-afternoon today despite opening higher, weighed by losses in heavyweights led by Maybank, Sime Darby and Petronas Chemicals.
At 3 pm, the benchmark index, FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.94 points lower at 1,708.64 compared with Monday's close of 1,712.58.
Market breadth was negative with losers outpacing gainers by 519 to 328 with 355 counters unchanged, 528 untraded and 23 others were suspended.
Turnover stood at 1.95 billion shares worth RM1.25 billion.
Of the heavyweights, Maybank and Sime Darby shed three sen each to RM8.39 and RM9.17, respectively, and Petronas Chemicals lost 11 sen to RM7.37.
Among losers, BAT fell by RM1.76 to RM49.32, Aeon Credit eased 30 sen to RM15.42 and Dutch Lady slid 26 sen to RM54.44.
Of the actives, Metronic Global inched down half-a-sen to 8.5 sen, Sterling Progress gave up one sen to 20 sen while Padini rose 21 sen to RM2.79.
The FBM Emas Index declined 22.90 points to 12,030.34, the FBMT100 Index erased 20.75 points to 11,708.68 and the FBM 70 trimmed 0.93-of-a-point to 13,883.79.
The FBM Emas Shariah Index was 21.86 points lower at 12,523.34 but the FBM Ace advanced 30.42 points to 5,336.90.
Sector-wise, the Industrial Index went down 9.35 points to 3,282.75, the Plantation Index dipped 53.43 points to 8,019.90 while the Finance Index improved 4.99 points to 15,068.75.

Monday, February 20, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 20022017

BURSA MALAYSIA OPENS EASIER
KUALA LUMPUR, Feb 20 (Bernama) -- Bursa Malaysia opened easier this morning as traders took profits after the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stayed above the 1,700-pointS threshold since last Monday.
At 9.05 am, the KLCI stood at 1,706.34, down 1.34 points, from Friday's close of 1,707.68.
The index opened 1.51 points lower at 1,706.17 at 9.00 am.
However, market breadth was positive as gainers led losers by 183 to 69 with 235 counters unchanged, 1,234 untraded and 23 others were suspended.
Turnover stood at 176.20 million shares worth RM56.48 million.
In a note today, Kenanga Research said the KLCI have had numerous attempts at the 1,700-points level since last Monday despite failing to close above the resistance level convincingly.
"The overhead resistances are marked at 1,710 and 1,720 while support levels are seen at 1,700 and 1,690 points level," it said.
Along with the lacklustre world market performances last Friday as major indices took a breather from their recent rallies, Kenanga anticipated that the KLCI was likely to take cue for a tepid week ahead.
"Thus, we opine that the local bourse will consolidate sideways this week to countervail its overbought condition," it said.
Heavyweights, Petronas Chemicals fell 17 sen to RM7.33, Genting lost three sen to RM5.22, KLK shed 12 sen to RM24.40 while Maybank added one sen to RM8.47.
Among actives, Dagang Nexchange rose two sen to RM35.5 and its warrant inched up half-a-sen to nine sen, Sterling Progress and Bumi Armada gained one sen each to 21 sen and 73.5 sen, respectively, while Asia Bioenergy slipped half-a-sen to 7.5 sen.
The FBM Emas Index decreased 3.41 points to 12,017.76, the FBM Emas Shariah Index declined 11.38 points to 12,513.48 and the FBMT100 Index eased 4.11 points to 11,695.23.
However, the FBM 70 perked 14.41 points to 13,876.71 and the FBM Ace advanced 15.42 points to 5,308.06,
On a sectoral basis, the Finance Index improved 14.79 points to 15,081.79, the Industrial Index added 0.62-of-point to 3,278.53 but the Plantation Index was 44.73 points lower at 8,101.69.

How to trade Crude Palm Oil Futures ( FCPO ) 20022017

SOY: Prices Extends Weekly Drop on Improved South America Crops
Soybean futures for May delivery fall 1.1% to close at $10.43 1/4 a bushel on Chicago Board of Trade.
  • This week, contract drops 2.5%, biggest decline since Dec. 23.
  • NOTE: Argentina’s Recent Rains Favored Soy Yields: Exchange
  • NOTE: Agroconsult to Review Soybean Est. Amid Strong Yields
  • Farmers in Brazil will increase sales of record-high crop in next two months, Bunge Ltd. said Wednesday
  • “The weather premium is coming out of the market,” Jerry Gidel, senior grain strategist at Price Futures Group in Chicago, says in telephone interview
  • “Market psychology is also hurt by Mexico threatening to shop for soybeans from South America”
  • NOTE: Mexico said to consider buying Argentina soybeans because of Trump policies, Milenio reports, citing Agriculture Secretary Jose Antonio Calzada.
  • Soybean-meal futures for May delivery decline 0.7% to $343.90 for 2,000 pounds, capping a third weekly drop in four weeks
  • Soybean-oil futures for May delivery fall 1.9% to 33.16c/lb after touching 33.12c, lowest for contract since Sept. 19
  • Price drops for seventh straight session, longest slump since May 5
  • EARLIER: Palm Oil Futures Drop to Cap Biggest Weekly Loss Since 2015
  • NOTE: CBOT will be closed for trading Monday in observance of U.S. President’s Day holiday

Friday, February 17, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 17022017


BURSA MALAYSIA ENDS HIGHER

    KUALA LUMPUR, Feb 17 -- Bursa Malaysia ended higher today as investor
confidence was lifted following the better-than-expected gross domestic product
(GDP) data released yesterday, said a dealer.
    Bank Negara Malaysia yesterday announced that Malaysia's GDP grew by 4.5 per
cent in the fourth quarter of 2016 (4Q16), underpinned by continued expansion in
private sector expenditure, leading to a full year growth of 4.2 per cent.
    At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.09 of
a point to end at 1,707.68 from Thursday's close of 1,707.59.
    After opening 1.78 points lower at 1,705.81, the index moved between
1,705.79 and 1,711.75 throughout the day.
    However, losers led gainers 431 to 427, with 378 counters unchanged, 485
untraded and 23 others suspended.
    Volume was higher at 2.27 billion shares worth RM2.46 billion from 2.1
billion shares worth RM2.35 billion on Thursday.

How to trade Crude Palm Oil Futures ( FCPO ) 17022017


PALM OIL: Futures Decline to 3-Month Low on Demand Concerns

Palm oil for May delivery drops as much as
2% to 2,871 ringgit/ton on Bursa Malaysia Derivatives, lowest
intraday level for most-active contract since Nov. 18.
  * Futures -1.8% at 2,876 ringgit by 4:10pm in Kuala Lumpur
    * -6.4% this week, set for biggest decline since Oct. 2015
  * “Selling pressure continues as demand is not improving,”
    says Tasvinderjit Singh, associate director at CIMB Futures
    in Kuala Lumpur. Palm market also tracking losses in soybean
    oil and Dalian vegetable oil markets, he says
    * Higher crude palm oil export taxes in March may curb
      demand, which may push up stockpiles in Malaysia: Singh
    * There’s also anticipation of higher production by mid or
      end of March
  * NOTE: Malaysia March Crude Palm Oil Export Tax Raised to 8%
  * NOTE: Malaysia’s Feb. 1-15 palm oil exports +1.4% m/m to
    520,962 tons: Intertek; shipments -3.6% m/m to 501,748 tons,
    according to SGS
  * Soybean oil for May delivery on Chicago Board of Trade -0.7%
    to 33.57c/lb, -1.2% Thursday; May soybeans -0.7% to $10.47
    1/2 a bushel
  * May refined palm oil on Dalian Commodity Exchange closes
    -2.1% to 5,918 yuan/ton; May soybean oil -1.6% to 6,690
    yuan/ton
  * Soybean oil’s premium over palm oil at ~$95/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$153/ton vs avg ~$220
    over past year

Thursday, February 16, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 16022017


BURSA MALAYSIA LOWER IN EARLY SESSION

    KUALA LUMPUR, Feb 16 (Bernama) -- Bursa Malaysia opened lower today as
investors were cautious ahead of the release of Malaysia's 2016 full-year Gross
Domestic Product (GDP) data at noon.
    At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood
at 1,707.57, down 2.22 points, from Wednesday's close of 1,709.79.
    The index opened 2.18 points lower at 1,707.61.
    However, market breadth was positive, with gainers outpacing losers 125 to
74 while 198 counters were unchanged, 1,324 untraded and 23 others were
suspended.
    Turnover tood at 97.82 million shares worth RM37.01 million.
    RAM Rating Services Bhd has estimated the country's economy to clock in
at 4.2 per cent for 2016, with resilience underpinned by domestic demand.
    It also forecast the country's GDP to grow by 4.5 per cent for 2017.
    Among heavyweights, Petronas Chemicals fell six sen to RM7.15, Maxis lost
two sen to RM6.39, Maybank gained one sen to RM8.38 while Public Bank and
Tenaga remained unchanged at RM7.79 and RM7.60, respectively.
    Of actives, Sterling Progress shed one sen to 20.5 sen, Dagangan
Nexchange rose 2.5 sen to 31 sen while Encorp and Iris remained flat at 62
sen and 13.5 sen, respectively.
    The FBM Emas Index eased 11.15 points to 12,026.40, the FBMT100 Index
declined 12.74 points to 11,703.56 and the FBM 70 shed 5.64 points to 13,886.28.
    The FBM Emas Shariah Index added 9.87 points to 12,559.90 and the FBM Ace
was 26.11 points better at 5,321.27.
    Sector-wise, the Finance Index gave up 52.51 points to 15,071.67 while the
Plantation Index rose 8.44 points to 8,209.64 and the Industrial Index advanced
9.43 points to 3,283.42.

How to trade Crude Palm Oil Futures ( FCPO ) 16022017


PALM OIL: Futures Climb 2nd Day on Optimism Over Export Demand

Palm oil for April delivery closes 0.7%
higher at 3,069 ringgit/ton on Bursa Malaysia Derivatives,
biggest gain at close since Feb. 2.
  * “The market is expecting exports to perform generally
    better,” says David Ng, derivatives specialist at Phillip
    Futures in Kuala Lumpur. “The ringgit has declined in
    recent days which may support sentiment”
  * NOTE: Malaysia’s Feb. 1-15 palm oil exports +1.4% m/m to
    520,962 tons: Intertek
  * NOTE: Malaysian ringgit -0.1% this week
  * Market is very sensitive to news on production and exports:
    Ng
  * Soybean oil for March delivery, most-active by volume, on
    Chicago Board of Trade +0.3% to 34.24c/lb; May contract
    +0.3% to 34.50/lb
    * March soybeans little changed at $10.44 3/4 a bushel;
      May contract little changed at $10.55 3/4/bu
  * Soybean oil’s premium over palm oil at ~$71/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$197/ton vs avg ~$222
    over past year: data compiled by Bloomberg
  * May refined palm oil on Dalian Commodity Exchange closes
    +0.4% at 6,112 yuan/ton; May soybean oil little changed at
    6,830 yuan/ton

Tuesday, February 14, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 14022017

BURSA MALAYSIA REMAINS IN NEGATIVE TERRITORY AT MID-AFTERNOON
Bursa Malaysia remained in negative
territory at mid-afternoon today, with investors taking profit, while
awaiting US Federal Reserve Chair Janet Yellen's congressional testimony on
interest rate increases today and tomorrow.
    At 3 pm, the benchmark FBM KLCI was 2.3 points lower at 1,707.94 from
Monday's close of 1,710.24.
    The index opened 0.27 of-a-point lower at 1,709.97.
    On the broader market, decliners outpaced gainers 477 to 317, with 363
counters unchanged, 538 untraded and 15 others suspended.
    Turnover stood at 1.46 billion shares worth RM1.31 billion.
    A dealer said profit-taking in heavyweights stocks continued to drag down
the market after the FBM KLCI broke the 1,700-point level yesterday.
    "At the same time, investors are also awaiting clearer direction from Yellen
on the interest rate increases, as some analysts forecast that there would be at
least three, rather than two rate for this year," he added.
    Of the heavyweights, Maybank, Petronas Chemicals and IHH Healthcare lost
three sen each to RM8.32, RM7.19 and RM6.22 respectively, Public Bank shed two
sen to RM20.20 and Tenaga fell 16 sen to RM13.50.
    Among the actives, Sterling Progress, Hibiscus Petroleum and Borneo Oil slid
half-a-sen each to 21 sen, 53.5 sen and 17 sen, and Hubline inched down one sen
to 14 sen.
    The FBM Emas Index eased 12.53 points to 12,019.75, FBMT100 Index was 11.16
points lower at 11,699.56 and the FBM Emas Shariah Index declined 7.48 points to
12,545.88.
    However, the FBM70 gained 4.38 points to 13,856.66 and the FBM Ace added
6.37 points to 5,314.97.
    On a sectoral basis, the Finance Index slipped 2.79 points to 15,088.60, but
the Plantation Index improved 4.42 points to 8,242.95 and the Industrial Index
advanced 10.66 points to 3,271.59.

How to trade Crude Palm Oil Futures ( FCPO ) 14022017



PALM OIL: Gains on Supply Concern as Traders Weigh Soy Weakness


Palm oil for April delivery rises as much as
0.4% to 3,049 ringgit/ton on Bursa Malaysia Derivatives after
falling as much as 0.8%
  * Most-active futures at 3,039 ringgit at midday break in
    Kuala Lumpur
  * Tight supplies are underpinning prices even as Monday’s
    declines in soybean oil and Dalian palm oil weigh on
    confidence, according to Tasvinderjit Singh, associate
    director at CIMB Futures in Kuala Lumpur. Concern that
    Malaysia’s February production may not be as low as
    initially expected is also making traders cautious, he says
  * NOTE: Malaysian Palm Oil Stockpiles May Drop 4% M/m in
    February: MIDF
  * Weakness in Malaysian ringgit also supporting prices
  * NOTE: Ringgit -0.1% Tuesday
  * Soybean oil for March delivery on Chicago Board of Trade
    little changed at 34.16c/lb after falling 1.3% Monday; May
    contract little changed at 34.43c/lb
    * March soybeans -0.4% to $10.50 a bushel; May contract
      -0.4% to $10.61 1/4/bu
  * May refined palm oil on Dalian Commodity Exchange unchanged
    at 6,146 yuan/ton, -2.2% Monday; May soybean oil +0.2% to
    6,878 yuan/ton, -1.3% Monday
  * Soybean oil’s premium over palm oil at ~$76/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$192/ton vs avg ~$222
    over past year



























Friday, February 10, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 10022017

PALM WRAP: Malaysian Palm Oil Stockpiles, Output Seen Declining
     (Bloomberg) -- Palm oil inventories probably declined to
the lowest since Aug. as production dropped the most in a year
and exports increased, according to a Bloomberg survey.

  * NOTE: Malaysian Palm Oil Board to release Jan. data on
    Friday
  * Futures +2.2% this week
    * Trade in 3,032-3,127 ringgit/ton range


SUPPLY & DEMAND

  * Vegetable oil market remains tight at start of 2017, AHDB
    says
  * Palm oil consumption in West Africa to outperform: BMI
  * Brazil 2016-17 soybean crop seen at 110m tons: Pine Research
  * Brazil 2016-17 soy exports seen +10% y/y to 57.5m tons:
    Safras
  * Soybeans drop on USDA surprise as wheat reaches 3-month high


OTHER NEWS

  * Buffett, Icahn interests square off in biofuels law fight
  * Indonesia orders Waringin Agro to pay IDR466.5b fine: Kompas
  * Iraq’s Etihad Food to start vegetable oil production next
    month
  * ICDX to take steps to boost palm oil contracts volume


MALAYSIA PALM OIL BOARD

  * Dec. stockpiles +0.2% m/m to 1.67m tons
  * Dec. production -6.4% m/m to 1.47m tons
  * Dec. exports -7.5% m/m to 1.27m tons
  * NOTE: MPOB to release Jan. data Friday


PHYSICAL PRICES MPOI

  * As of Feb. 8 close; Thursday was public holiday in Malaysia
    * Malaysia Feb. crude palm oil: 3,365 ringgit ($757) per
      ton
    * Indonesia April CPO: $750/ton
    * Feb. RBD palm olein: $770/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 10022017

BURSA MALAYSIA HIGHER AT MID-MORNING (SCREEN)


    KUALA LUMPUR, Feb 10 -- Bursa Malaysia extended gains to mid-morning today
on bargain-hunting, with finance stocks among the top gainers.
    At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 9.24 points better
at 1,697.74, from the 1,688.50 recorded at Wednesday's close.
    The index opened 11.23 points better at 1,699.73
    The market resumed trading today after being closed for the Thaipusam
holiday yesterday.

Wednesday, February 8, 2017

How to trade Crude Palm Oil Futures ( FCPO ) 08022017

#fcpo
#palmoil

PALM OIL: Futures Rise as Traders Weigh Malaysian Supply Outlook


By Anuradha Raghu
     (Bloomberg) -- Palm oil for April delivery closes +0.5% at
3,082 ringgit/ton on Bursa Malaysia Derivatives, highest for
most-active contract since Jan. 26.

  * While gains in soybean oil on Monday initially boosted
    prices, a lack of follow-through buying prevented palm oil
    from breaking above 3,100 ringgit and prompted some profit-
    taking, says Josephine Goh, associate director of futures
    and commodities at RHB Investment Bank
    * Low palm inventories will support prices, “people are
      still waiting for more clues to know where we stand on
      production and stockpiles,” Goh says
  * NOTE: Palm Oil Stockpiles in Malaysia Seen Slumping to 5-
    Month Low
    * Jan. inventories seen -11% m/m to 1.49m tons; output
      -9.5% m/m to 1.33m tons
    * NOTE: Malaysia to release data on stockpiles, production
      and exports on Friday
  * NOTE: Malaysian Jan. crude palm oil production -13.1% m/m to
    ~1.28m tons, according to estimates by the Malaysian Palm
    Oil Association
    * Output seen -14.6% m/m in Peninsular Malaysia; -10.3%
      m/m in East Malaysia
  * Soybean oil for March delivery on Chicago Board of Trade
    +0.2% to 34.49c/lb, +1.7% Monday; March soybeans +0.1% to
    $10.37/bu
  * Soybean oil’s premium over palm oil at ~$66/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$202/ton vs avg ~$224
    over past year: data compiled by Bloomberg
  * May refined palm oil on Dalian Commodity Exchange closes
    -0.3% at 6,124 yuan/ton; May soybean oil -0.3% at 6,844
    yuan/ton

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 08022017

#fkli
#klci

BURSA MALAYSIA OPENS EASIER

 Bursa Malaysia extended its losses from
yesterday to open weaker this morning on mild profit-taking in selected
heavyweight counters such as Genting and CIMB, dealers said.
    At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at
1,688.51, down 0.33 of-apoint from 1,688.84 on Tuesday's close.
    Earlier, the index opened 1.70 points lower at 1,687.14.
    However, market breadth was positive as gainers led losers by 139 to 86,
while 204 counters were unchanged, 1,267 untraded and 15 others were suspended.
    Turnover stood at 133.27 million shares worth RM78.46 million.
    A dealer said investors were reluctant to take any positions and were
unwinding ahead of Thaipusam holiday tomorrow.
    "They are also expected to go for a long break," he said.
    Meanwhile, Kenanga Research, in a note today, said it expected the FBM KLCI
to take a breather from its recent climb over the past few days.
    "The resistance levels are now found at 1,690 followed by 1,700, while
support levels are tied at 1,690/1,660," it said.
     The Industrial Index fell 0.26 of-a-point to 3,215.13, Finance Index rose
12.23 points to 14,881.91 and the Plantation Index increased 4.49 points to
8,176.72.
    The FBM Emas Index was 3.80 points lower at 11,889.71, FBM70 slipped 6.68
points to 13,744, and FBMT100 Index declined 3.05 points to 11,575.66.
    The FBM 70 fell 6.68 points to 13,744.73 and the FBMAce shed 14.18 points to
5,205.26.
    The FBM Emas Shariah Index rose 4.39 points to 12,439.47.
    Maintenance, repair and overhaul company, Serba Dinamik Holdings Bhd, made
its debut on the Main Market of Bursa Malaysia this morning at RM1.53, a premium
of three sen over its offer price of RM1.50 per share,
    Among the actives, IFCA was flat at 47.5 sen, JAG added one sen to 15 sen,
Tek Seng rose two sen to 80 sen and Hibiscus declined one sen to 52.5 sen.
    Of the heavyweights, Maybank increased two sen to RM8.19, Public Bank,
Tenaga and Sime Darby each were flat at RM20.20, RM13.38 and RM8.94,
respectively.
    Genting fell five sen to RM8.32 and CIMB erased two sen to RM4.95.

Thursday, February 2, 2017

How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 02022017

#fkli
#klci

KL SHARES END MORNING SESSION HIGHER


    KUALA LUMPUR, Feb 2 (Bernama) -- Shares on Bursa Malaysia ended the morning
session higher today on bargain-hunting, with market sentiment lifted by gains
on Asian bourses.
    At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.68
points better at 1,676.22, from the 1,671.54 recorded at Tuesday's close.
    After opening 1.14 points weaker at 1,670.4 today, the FBM KLCI moved
between 1,667.68 and 1,678.76 throughout the morning session.
    On the broader market, gainers outpaced losers 421 to 280, with 354 counters
unchanged, 630 counters untraded and 16 others suspended.
    Turnover stood at 941.27 million shares worth RM868.34 million.
    Among top gainers were plantation stocks, as the market expects this sector
to be the top beneficiary of the unfavourable weather.
    Shares of United Plantations was up 50 sen to RM28, IJM Plantations rose 23
sen to RM3.60 and BLD Plantations increased 18 sen to RM8.63.
    Top losers, on the other hand, were Petronas Gas which fell 28 sen to
RM20.60, MBM Resources declining 19 sen to RM2.28 and Riverview Rubber losing 15
sen to RM3.76.
    Of the heavyweights, Maybank eased three sen to RM8.19, Tenaga shed two sen
to RM13.38, Public Bank gained eight sen to RM20.18.
    The FBM Emas Index rose 36.89 points to 11,778.18, the FBMT100 Index bagged
34.76 points to 11,475.43 and the FBM Emas Shariah Index improved 43.78 points
for 12,271.37.
   The FBM Ace rose 48.34 points to 4,990.12 and the FBM 70 improved 51.5 points
to 13,564.95.
    The Finance Index was 18.51 points higher at 14,819.33, the Industrial Index
rose 3.36 points to 3,206.25 and the Plantation Index climbed 86.26 points to
8,005.86

How to trade Crude Palm Oil Futures ( FCPO ) 02022017

#fcpo
#palmoil

PALM OIL: Futures Recover as Rising Shipments Boost Sentiment


By Supunnabul Suwannakij
     (Bloomberg) -- Palm oil for April delivery gains as much as
1.5% to 3,075 ringgit/ton on Bursa Malaysia Derivatives before
trading at 3,070 ringgit by 11:28am in Kuala Lumpur.

  * Most-active futures closed Tuesday at lowest since Nov. 24
    * Market was closed Wednesday for holiday
    * Futures fell 2.6% in Jan., 1st monthly decline since
      July
  * NOTE: Malaysian Palm Oil Exports Rise 4.3% to 1.16M Tons in
    Jan.
  * “Good export numbers for the month of January has lifted
    the market momentum,” says Josephine Goh, associate
    director of futures and commodities at RHB Investment Bank
  * Soybean oil for March delivery on Chicago Board of Trade
    +0.1% to 34.33c/lb
  * March soybeans -0.3% to $10.33 1/2/bu, after rising past 2
    days
  * NOTE: Indonesian Palm Output Seen Rallying From First Drop
    in 18 Years
  * Soybean oil’s premium over palm oil at ~$64/ton vs avg ~$91
    over past year: data compiled by Bloomberg
  * Palm oil’s premium over gasoil at ~$190/ton vs avg ~$226
    over past year: data compiled by Bloomberg
  * NOTE: Chinese markets closed for Lunar New Year holiday