Performance of Crude Palm Oil and Crude Palm Kernel Oil Futures in Malaysian Derivatives Market

Noriza Binti Mohd Saad (), Noraini Binti Ismail (), Nor Edi Azhar Binti Mohamad () and Normaisarah Binti Abdul Manaf ()
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Noriza Binti Mohd Saad: Universiti Tenaga Nasional (UNITEN)
Noraini Binti Ismail: Universiti Tenaga Nasional (UNITEN)
Nor Edi Azhar Binti Mohamad: Universiti Tenaga Nasional (UNITEN)
Normaisarah Binti Abdul Manaf: Universiti Tenaga Nasional (UNITEN)

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2012, vol. 2, issue 4, 136-143

Abstract: This study investigates the performance of two contracts traded that is Futures Crude Palm Oil (hereafter refers as FCPO) and Crude Palm Kernel Oil futures (hereafter refers as FPKO) in Malaysian derivatives market. The effects of contract’s settlement, volume and open interest was analyzed towards open price (hereafter refers as price) for both contract traded. Secondary data is used, which are gathered from Bloomberg, Bursa Malaysia for N=1,296 over the period between 2006 and 2010. Overall the result revealed by regression and independent T-test shows that; the dependent variables and independent variables have a strong relationship, and the prices and volume of trading for FCPO is performed better and the most preferable contract compared to the FPKO contracts traded in Bursa Malaysia.

Keywords: Crude Palm Oil Futures; Crude Palm Kernel Oil futures; Trading Volume; Open Interest; Price (search for similar items in EconPapers)
JEL-codes: L25 (search for similar items in EconPapers)
Date: 2012
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