Tuesday, December 14, 2010

Buoyant CPO prices lift plantations

KUALA LUMPUR: Buoyant crude palm oil (CPO) futures helped lift PLANTATION [] stocks in late afternoon trade on Tuesday, Dec 14, bucking the cautious market sentiment which weighed down the FBM KLCI.

At 4.10pm, the FBM KLCI was down 1.9 points to 1,507.89. Turnover was 951.95 million shares valued at RM1.25 billion.

CPO for third month delivery rose RM34 to RM3,756 per tonne.

Plantation-related Kulim rose 46 sen to RM13, TSH Resources 20 sen to RM2.73 while Sungai Bagan added 15 sen to RM3.37 and Hap Seng Plantations chalked up 12 sen gain to RM3.25.

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