PETALING JAYA: The KL Composite Index (KLCI) yesterday dropped to the lowest since end-2006, dragged down by plantation stocks’ steep declines on worries that rising cost and softening crude palm oil (CPO) prices would limit planters’ profit growth.
Top loser Kuala Lumpur Kepong Bhd
’s share price tumbled RM1.40, or 9.2%, to RM13.90 – its worst level since October last year. Bigger rival IOI Corp Bhd was down 50 sen, or 8.2%, to a 10-month low of RM5.60 in active trade.
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