PPB Group Bhd
shares shot to their highest level in 12 months to RM7.40 in late morning trading yesterday before closing at RM7.25 with 476,200 shares transacted on expectation of higher crude palm oil (CPO) prices.
The counter, which had been hovering around RM6.80 for a couple of days before finishing higher at RM7.05 last Friday, surged almost 9% to RM7.40 at mid-day before profit-taking cut earlier gains.
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