BMD Turnover data -March 09

March 09

FCPO turnover, which represents 60% of BMD volumes, rose 20% while FKLI up 20% from February’s low figure

BMD activities picked up in the first-half of March when the markets were mostly lower. But trading activities decreased later when prices reversed. Obviously, retail players were keen bears. Foreign players were equal on both sides given the roll-over activities that were mostly flat. Roll-over volumes in March was seen up 5% from last month but still down by more than 50% y-o-y.


1Q09

BMD 1Q09 turnover dipped 21% compared to 1Q08. The main culprit was FKLI which saw a 42% decline. FCPO, while still near record high level, lost 0.6% for the same period. These two made up of 98% of BMD total turnover