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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend higher next week on the expectation of higher April production, with the price is likely to trade below RM2,000 per tonne.
KUALA LUMPUR: Several key markets plunged and entered into bear markets on Thursday as the selloff in European and Asian was further worsened by the US's move to stop flights from Europe except the UK due to the Covid-19 coronavirus.
KUALA LUMPUR: Bursa Malaysia bucked the weaker key Asian markets to chalk up some solid gains on Wednesday, thanks to power giant Tenaga Nasional and IHH Healthcare.
KUALA LUMPUR: Firm fund interest in Sime Plantation and Public Bank pushed the FBM KLCI above the key 1,600 level at the close on Monday amid a more cautious broader market.
KUALA LUMPUR: Malaysia's FBM KLCI closed at Friday's low as blue chips came under continued selling pressure from foreign funds while the ringgit weakened against the US dollar due to the intensifying US-China trade war.
KUALA LUMPUR: Malaysian palm oil futures surged nearly 2 percent on Tuesday evening, tracking gains in related edible oils and on prospects of reduced stockpiles because of higher exports.
KUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent on Friday, retreating from the previous session's seven-month high, hindered by a stronger ringgit and losses in U.S. soyoil on the Chicago Board of Trade.