Trader's Comment: FCPO market gave up some of its gains to end lower.

FCPO market gave up some of its gains to end lower. Benchmark Apr 09 initially opened lower at 1840 as tracking losses in overnight CBOT soyoil prices. Trades were thin and move in tight range between 1840 to 1879 in most of the session. However, some intra-day liquidation activities comes in late session and saw prices dropped to the day low at 1825 before settling RM 40 lower at 1830. Total daily volume stood at 10,048 contracts changed hands.