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Monday, August 4, 2008
Trader's comment: BMD FCPO managed to rebound in late trading to finish off low
BMD FCPO managed to rebound in late trading to finish off low. Late short covering activities sent prices rebounded to 2897 before it settling RM 60 lower at 2890. Prices tumbled to 2820 as tracking heavy losses in rival soyoil prices in e-cbot coupled with limit down closed at Dalian palm and soyoil futures contracts.