KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to stay in a bearish tone as market sentiment continues to decline amid rising number of COVID-19 cases.
An analyst said the lingering concern right now surrounding the local market is whether another lockdown is on the horizon, which will lead to business closure, pushing unemployment higher. "What happens over the weekend, especially on the measures to curb COVID-19 resurgence would lead to the market movement as it reopens on Monday.
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