Bursa Malaysia, the country's stock exchange operator, has launched three palm oil plantation indices, as it wants to tap growing interest in Asia's palm oil industry, Reuters reports.
The FTSE Bursa Malaysia Palm Oil Plantation Indices include two regional indices tracking Asian listed palm oil companies such as Singapore-listed Wilmar International and Golden Agri-Resources. "These three indices which include the world's liquid and large cap companies will allow investors to track the performance of listed companies which derive their substantial revenues from palm oil related activities," Bursa’s CEO told a news conference.
Further, the exchange operator may launch futures contracts based on the new indices but no timeframe has been set, he said. (19 May 2009)