Palm | Kelapa Sawit

Profit taking activities were evident after the recent strong rebound. Benchmark Oct09 initially opened RM25 higher at 2490 but immediately attracted players to book their profit after the previous 2-day rally. Prices fell lower through out most of the sessions and tested intra day low of 2410 few times. Short-covering activities emerged in late trading led Benchmark Oct09 to bounce back strongly and ended RM5 lower at 2460. External markets were rather mix as eCBOT soy oil edged lower while Dalian palm ended higher today. Asian time crude oil clawed back its earlier losses and inched higher in late trading.