Plantations falter as CPO hits fresh 5-year low


KUALA LUMPUR: Plantation stocks KL Kepong, PPB Group and IOI Corporation saw their share prices continuing to come under pressure as crude palm oil (CPO) for third month delivery fell to fresh five-year lows.

Trading volume on Bursa Malaysia shrunk from the record 7.67 billion shares on Wednesday to less than three billion units as investors and brokers turned cautious over the penny stocks.

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