KUALA LUMPUR: Plantation stocks, led by IOI Corp Bhd and Kuala Lumpur Kepong Bhd surged, boosted by improving price outlook after the Government said crude palm oil (CPO) production this year will miss its own forecast by 1.1 million tonnes at 18.3 million tonnes.
The rally boosted the FTSE Bursa Malaysia KL Composite Index yesterday as the index jumped 14.77 point, or 0.8%, to 1,807.16 points.
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!