Tuesday, May 26, 2009

Trader's Highlight

FCPO-KUALA LUMPUR, May 25 (Reuters) - Malaysian palm futures slid 3 percent to a near four-week low on Monday as weak export growth showed Asian buyers had cut purchases from Malaysia, waiting for high pricing and dwindling supplies to ease.

The benchmark August contract on Bursa Malaysia's Derivatives Exchange settled down 76 ringgit to 2,445 ringgit ($700.8) per tonne, a level unseen since April 28. Overall volume stood at 13,230 lots of 25 tonnes each.

REGIONAL EQUITIES-BANGKOK, May 25 (Reuters) - Most Southeast Asian stocks rose
on Monday, with Singapore Petroleum and Keppel Corp pushing its market higher, while banking shares fell in Thailand after the latest data confirmed the country was in recession.

Singapore's index <.FTSTI> climbed 0.99 percent,Malaysia <.KLSE> added 0.8 percent, Indonesia <.JKSE> gained 0.3 percent, the Philippine index <.PSI> rose 0.8 percent and Vietnam <.VNI> jumped 4.2 percent.