KUALA LUMPUR: Plantation stocks were mostly higher at midday on Thursday with IOI Corp among the gainers as investor interest perked up after crude palm oil prices for third-month delivery rose above RM2,800.
Analysts expect CPO to rise to RM3,000 as production declines and stockpiles fall. The gains in plantation stocks helped the FBM KLCI stage a mild rebound after falling more than 11 points the previous day.
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