KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week on profit-taking after prices rallied to above RM5,600 a tonne, said palm oil trader David Ng.
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower on profit-taking after hitting an all-time high yesterday.
Reversing four-days of winning streak, the Indian equities markets key indices witnessed heavy losses on Thursday with benchmark Sensex slumping 621 points on negative global cues amid deepening Omicron concerns.
The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.1650 to 4.1750 against the US dollar, an analyst said.