Tuesday, June 22, 2010

DJ MARKET TALK: BMD CPO Futures May Open MYR5-MYR10 Lower

[Dow Jones] BMD CPO futures expected to open MYR5-MYR10 lower; profit-booking likely as ringgit trading higher, says Singapore-based trading executive. Selling pressure in regional equities, commodity markets including crude oil to weigh. Kuala Lumpur-based analyst tips trade in MYR2,395-MYR2,410/ton range
today. Benchmark September contract finished MYR5 higher at MYR2,405/ton
Monday. (shie-lynn.lim@dowjones.com)

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