Malaysia’s palm oil stockpiles rise to an eight month high of 1.58 million tones in September,

12/10 Malaysia’s palm oil stockpiles rise to an eight month high of 1.58 million tones in September, the MPOB said today.

12/10 August industrial production decreased 5.7 % year-on-year on drops in manufacturing and mining; fall is least in 10 months.

12/10 At 12:30 pm the FBM KLCI is down 0.08 points to 1,233.74; MISC loses 12 sen to RM 9, Supermax is up 13 sen to RM 2.94, 3A is 16sen higher at RM 1.10.

12/10 At 11:05 am, CPO 3-month futures is up RM 39 to RM 2124 per tonne, Nymex crude oil in electronic trade, down 42 cents to US$72.19 per barrel.

12/10 Bursa Malaysia opens the week up 1.78 points, or 0.14 pct to 1235.60 on extended buying momentum.

9/10 The FBM KLCI closed up 3.73 points to 1233.82. Genting +13 c to RM 7.33, BAT -20 c to RM 44.80, HLBank +17c to RM 6.79 and Parkson +11c to RM 5.31.

9/10 Maybank CEO Wahid dismissed market talk the bank was looking for potential acquisitions. He said expansion would be through organic growth.

9/10 Spot gold is down US$8.47 to US 1,046.63 at 4 pm as investors sold to lock in gains. Gold has risen 4.34% since beginning of the week.