Monday, April 13, 2009

Trader's Highlight

FCPO-KUALA LUMPUR, April 10 (Reuters) - Malaysian crude palm oil futures rose as much as 1.5 percent to hit a 7-month high on Friday as industry data suggested impending tightness in domestic inventories.

The benchmark June contract on the Bursa Malaysia Derivatives Exchange rose as much as 33 ringgit to 2,302 Mringgit ($637.1) per tonne, a level unseen since Sept. 26 2008. The contract settled at 2,299 ringgit per tonne, up 1.3 percent.

Other traded months rose between 7 and 60 ringgit <0#KPO:>. Overall volume stood at 10,824 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, April 10 (Reuters) - Thai stocks <.SETI> ended near
three-month highs on Friday after gains in oil prices helped push up big-cap energy shares such as PTT and PTT Exploration, but concern over anti-government protests were a drag for much of the day.

Stock markets in Singapore, Indonesia and the Philippines were closed on Friday for market holidays.

Malaysia's benchmark index <.KLSE> climbed 2.6 percent to its highest since Oct. 15, while Vietnam's benchmark index <.VNI> jumped 4.3 percent, snapping two days of losses.