KUALA LUMPUR: Plantation-based Sime Darby and KL Kepong dragged the FBM KLCI into the red at midday on Thursday on worries about expected decline in crude palm oil (CPO) prices.
Sentiment in plantation stocks was somewhat cautious after palm oil forecaster Dorab Mistry projected a decline in CPO prices as weakening demand outweighs a decline in Malaysian production.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!