BMD Market Holiday

Dear All,



Please be informed that Bursa Malaysia Derivatives Berhad will be closed on the following days in conjunction with Awal Muharram, Christmas, and New Year:-



1. Friday, 18 December 2009 – Awal Muharram

2. Friday, 25 December 2009 – Christmas

3. Friday, 1 January 2010 – New Year



We wish all our Clients, Associates and Friends;



Merry Christmas & Happy New Year.



Great Year Ahead.

BURSA MALAYSIA HOLIDAY 2010

Breaking News-RTRS-RPT-Unilever cuts palm oil supplier ties after report

LONDON, Dec 11 (Reuters) - Consumer goods company Unilever , the world's largest user of palm oil, has suspended purchases of edible oil from Indonesian group Sinar Mas on concerns over rain forest destruction.
Unilever, which uses palm oil in such products as Dove soap, Ben & Jerry ice cream, and margarines like Stork, cancelled its annual 20 million pound ($32.6 million) contract with Sinar Mas after a critical report by environmental group Greenpeace.
Anglo-Dutch Unilever said on Friday it was suspending purchases from PT SMART , which is part of Sinar Mas, until the Indonesian group could give proof that none of its plantations was contributing to the destruction of rain forests.

Breaking News-RTRS-Europe oils-Palm prices seen steady before boost in 2010

AMSTERDAM, Dec 11 (Reuters) - Palm oil's upward potential may be limited in the near-term but rising demand, strength in other edible oil markets and increased speculation are seen driving prices up in early 2010, analysts said on Friday.
Prices of the tropical oil, used in products ranging from margarine to lipstick, have risen in recent months, boosted by a recovery in mineral oil prices, gains in soy oil prices and firm demand due partly to its relative discount to other oils.
Malaysian palm oil futures prices hit a six month high last week, but have pulled back in recent days on profit taking and broad weakness in commodities, with the market seen range-bound until the end of the year, traders said.
In the longer-term, prices could appreciate due to seasonally declining production and comparatively strong world demand, market experts said.

Trader's Highlight

DJI-NEW YORK, Dec 11 (Reuters) - The Dow and S&P 500 closed up for a third straight session on Friday after several solid consumer-related reports reinforced investors' confidence in a steady recovery by the economy.

The Dow Jones industrial average <.DJI> was up 65.67 points, or 0.63 percent, at 10,471.50. The Standard & Poor's 500 Index <.SPX> was up 4.06 points, or 0.37 percent, at 1,106.41. The Nasdaq Composite Index <.IXIC> was down 0.55 point, or 0.03 percent, at 2,190.31.

NYMEX-NEW YORK, Dec 11 (Reuters) - U.S. crude oil futures ended below $70 a barrel on Friday, hitting a two-month low and extending the market slump for the eighth straight day as a stronger dollar spurred selling.

On the New York Mercantile Exchange, January crude settled down 67 cents, or 0.95 percent, at $69.87 a barrel, the lowest since the $69.57 close on Oct. 7. It traded from $69.46, lowest since the Oct. 8 intraday low of $69.17, to $71.20.

CBOT-SOYBEANS - January up 8 cents at $10.35 per bushel. Spillover support from rally in corn, short-covering and supported by brisk exports of U.S. soy, especially to China.

CBOT-SOYOIL - December up 0.13 cent at 39.22 cents per lb; most-active January up 0.12 at 39.57.

FCPO-KUALA LUMPUR, Dec 11 (Reuters) - Malaysian crude palm oil futures rose 0.4 percent on Friday, supported by higher soyoil and an unexpected fall in stocks.

The benchmark February contract on the Bursa Malaysia Derivatives Exchange ended up 9 ringgit to 2,530 ringgit ($744.6).

REGIONAL Equity-BANGKOK, Dec 11 (Reuters) - Most Southeast Asian stock markets gained on Friday, with Thai stocks climbing to a one-week high on mainly local buying in recently depressed big caps such as PTT Exploration and Production and Advanced Info Service.

In Kuala Lumpur, the main index <.KLSE> inched up 0.01 percent, with Malayan Banking up 0.45 percent and Petronas Gas down 1 percent.

Singapore's index <.FTSTI> gained 0.7 percent, reversing a fall of nearly 1 percent in the previous two sessions, with the largest telecoms firm, Singapore Telecommunications , and top lender DBS Group each rising 1.3 percent.

NYMEX Crude Weekly: Weaken further

Immediate technical landscape weaken further following market violated the physiological support at USD70.00. Thus, market likely to extend its sideways to lower in near term. As for now, we are looking for the upside resistance at USD82.00. While, underline support will be adjusted to USD65.00.

CBOT Soyoil Weekly: Enter into consolidation

Market looks enter into consolidation zone after hitting the high at Usc41.40.Thus, market may move sideways in near term with upside resistance is pegged at USc41.40. While,immediate downside support is lies at USc39.00 followed by 37.50

FCPO Weekly: Took a breathe

Market took a breathe after hitting high at 2606 levels. However, immediate technical landscape maintain in positive posture. Thus, market likely to continue to move higher in near term with upside resistance is now looking at 2650 followed by 2800 levels. While, downside support remains at 2428-2419 (left over gap on 29/11/2009).

FKLI Weekly: Tiredness

Market is showing tiredness mode despite prices struggle to survive at above 1250 physiological support levels. Thus, violation of it may provide more room to bias downside potential which next support is looking at 1230 followed by 1200 levels. While to the upside, resistance at 1286 followed by 1300.