Plantation stocks surge to year’s high


  • Business
  • Wednesday, 15 Oct 2003

WHILE the broad market succumbed to heavy profit-taking yesterday, plantation stocks continued to rally, fuelled by the optimistic outlook in crude palm oil (CPO) prices. 

The bullish sentiment on CPO futures, which had hit limit up on Monday and on the spot market, had spilled over to plantation counters on the KLSE because strong commodity prices would boost the bottom lines of the related companies, dealers said.  

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