KUALA LUMPUR: Plantation stocks, led by IOI Corp Bhd
and Kuala Lumpur Kepong Bhd surged, boosted by improving price outlook after the Government said crude palm oil (CPO) production this year will miss its own forecast by 1.1 million tonnes at 18.3 million tonnes.
The rally boosted the FTSE Bursa Malaysia KL Composite Index yesterday as the index jumped 14.77 point, or 0.8%, to 1,807.16 points.
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