How to trade FTSE Bursa Malaysia KLCI Futures ( FKLI ) 03012017

#fkli
#klci

Bursa Malaysia continued its downtrend at midday on weak buying support for heavyweights on the first trading day of 2017, despite improved oil prices, dealers said.

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 9.76 points lower at 1,631.17 after closing at 1,641.73 on Friday.

The barometer index opened 4.79 points weaker at 1,636.94 and moved between 1,630.77 and 1,637.56 during the morning session

The local bourse was closed on Monday in lieu of the New Year public holiday which fell on Sunday.

Oil prices rose after the historic deal by the Organisation of Petroleum Exporting Countries, to reduce production, took effect on Jan 1.

US crude added 0.7 per cent to US$54.07 a barrel while the benchmark Brent crude oil rose to US$57.18.

On the broader market, losers led gainers 316 to 300 while 314 counters remained unchanged, 798 untraded and 21 others were suspended.

Turnover stood at 788.38 million shares worth RM339.57 million.

Of heavyweights, Maybank fell 20 sen to RM8, Axiata slipped 19 sen to RM4.53, Tenaga eased 14 sen to RM13.76, Hong Leong reduced 16 sen to RM13.34 and Genting Bhd was down nine sen at RM7.91.

How to trade Crude Palm Oil Futures ( FCPO ) 03012017

#fcpo
#palmoil

Palm oil for March delivery climbs as much as 1.9% to 3,169 ringgit/ton on Bursa Malaysia Derivatives, biggest intraday gain for most-active contract since Dec. 19.

• Futures trade +1.6% at 3,159 ringgit by 11:49am in Kuala Lumpur; +25% in 2016, best year since 2010
• Prices supported by weak ringgit and concerns over flooding due to heavy rain in the east cost of Peninsular Malaysia, according to Chandran Sinnasamy, head of dealing at LT International Futures in Kuala Lumpur
• NOTE: Malaysian ringgit -0.2% Tuesday
• NOTE: Rain to persist over states of Johor, Pahang, Kelantan, Terengganu until late afternoon Tuesday, according to warning by Malaysian Meteorological Department
  • Rain forecast over eastern coast of Peninsular Malaysia from Thursday to Monday: Met. Dept
  • Kelantan floods send 3,774 people to relief centres as at 8am Tuesday, according to state news agency Bernama
• NOTE: Prolonged heavy rain may trigger flash floods and hinder harvest, transport of palm fruit to mills
• Soybean oil for March delivery on Chicago Board of Trade +0.7% to 34.91c/lb; March soybeans +0.1% to $10.0 3/4/bu
• NOTE: Malaysia’s Dec. palm oil exports -5.7% m/m to 1,086,523 tons: Intertek
• Soybean oil’s premium over palm oil at ~$67/ton vs avg ~$93 over past year: data compiled by Bloomberg
• Palm oil’s premium over gasoil at ~$194/ton vs avg ~$231 over past year: data compiled by Bloomberg
• May refined palm oil on Dalian Commodity Exchange +1.5% to 6,296 yuan/ton; May soybean oil +0.6% to 7,022 yuan/ton