Investors chase palm oil shares after bullish CPO price forecasts

PETALING JAYA: Plantation stocks were actively traded on Bursa Malaysia yesterday, following the bullish projection by world palm oil experts that crude palm oil (CPO) prices are set to reach the RM3,000-per-tonne level by the second half of this year.

Among the top gainers were Genting Plantations Bhd and PPB Group Bhd, which gained 30 sen each to RM11 and RM16.66, respectively, while Kuala Lumpur Kepong Bhd firmed up 26 sen to RM23.90.