CPO boost for plantation stocks


PETALING JAYA: Plantation stocks topped the Bursa Malaysia gainers' list yesterday, fuelled by the bullish outlook for crude palm oil (CPO) prices. 

Kuala Lumpur Kepong Bhd jumped 60 sen to RM11.80, while IOI Corp Bhd ended 30 sen higher at RM17 after hitting an intraday high of RM17.30. PPB Oil Palms Bhd added 15 sen to RM7.95 and United Plantation Bhd rose 25 sen to RM 8.45. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit extends gains to open higher against US$
Loan applications for property take a breather in Feb
Upsides on Bursa capped by negative global sentiment
Trading ideas: Maxis, Bank Islam, Malaysian Flour Mills, Menang, HeiTech Padu, Reservoir Link, MGRC, IGB REIT, Affin Bank and Excel Force
Bursa snaps four-day losing streak to end higher
Keyfield FY23 earnings rise to RM105.5mil
Reservoir Link sub-unit bags RM22mil job
IGB-REIT net profit up 11.1% to RM99.61mil in 1Q
Maxis enhances network with RM813mil investment
Morgan Stanley plans biggest round of China job cuts in years

Others Also Read