CPO futures market set to be quiet next week due to long holiday period

CPO futures contract on Bursa Malaysia Derivatives is expected to trade lower next week.

Interband Group senior palm oil trader Jim Teh said the market was likely to be quiet as most investors would be away due to the Chinese New Year holidays.

Bursa Malaysia and its subsidiaries will be closed on Monday and Tuesday in conjunction with the Chinese New Year celebration. The stock exchange operator said it would resume operations on Wednesday, Jan 25. Meanwhile, palm oil trader David Ng also said that next week, the market would trade in a tight range with slower activities given the long weekend break.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPR kekal, Bursa Malaysia ditutup tinggi, ringgit mengukuhRinggit juga semakin mengukuh ditutup pada 4.3020/3050 berbanding dolar Amerika Syarikat (AS) daripada penutupan Rabu pada 4.3170/3220.
Read more »

Bursa Malaysia likely to be muted next weekKUALA LUMPUR, Jan 21 ― Bursa Malaysia is expected to be muted in the upcoming holiday-shortened trading week despite the FTSE Bursa Malaysia KLCI (FBM KLCI) finally breaking...
Read more »