IDEAS home Printed from https://ideas.repec.org/a/hur/ijaraf/v2y2012i4p136-143.html
   My bibliography  Save this article

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

Author

Listed:
  • 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))

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.

Suggested Citation

  • Noriza Binti Mohd Saad & Noraini Binti Ismail & Nor Edi Azhar Binti Mohamad & Normaisarah Binti Abdul Manaf, 2012. "Performance of Crude Palm Oil and Crude Palm Kernel Oil Futures in Malaysian Derivatives Market," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(4), pages 136-143, October.
  • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:4:p:136-143
    as

    Download full text from publisher

    File URL: http://www.hrmars.com/admin/pics/1244.pdf
    Download Restriction: no

    File URL: http://www.hrmars.com/admin/pics/1244.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Abdul Jalil Ibrahim & Khairuddin Othman & Obiyathulla Ismath Bacha, 1999. "Issues in Stock Index Futures Introduction and Trading. Evidence From the Malaysian Index Futures Market," Capital Markets Review, Malaysian Finance Association, vol. 7(1&2), pages 1-46.
    2. Frankie Chau & Phil Holmes & Krishna Paudyal, 2008. "The Impact of Universal Stock Futures on Feedback Trading and Volatility Dynamics," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 35(1‐2), pages 227-249, January.
    3. Chris Brooks & Ryan J. Davies & Sang Soo Kim, 2005. "Cross Hedging with Single Stock Futures," ICMA Centre Discussion Papers in Finance icma-dp2004-15, Henley Business School, Reading University.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Crude Palm Oil Futures; Crude Palm Kernel Oil futures; Trading Volume; Open Interest; Price;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:2:y:2012:i:4:p:136-143. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hassan Danial Aslam). General contact details of provider: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.