Friday, February 11, 2011

Plantation stocks slide

KUALA LUMPUR: PLANTATION []-related stocks dipped on Friday, Feb 11 in line with the overall weaker sentiment at the local stock market as well as declining crude palm oil (CPO) futures.

At 11.10am, KLK fell 52 sen to RM21.56, United Plantations 28 sen to RM16.42, Batu Kawan 18 sen to RM16.60, Chin Teck 17 sen to RM8.72, PPB 12 sen to RM16.56, IOI Corp five sen to RM5.51 and Sime Darby four sen to RM9.26.

CPO futures on the Bursa Malaysia derivatives market slipped RM8 per tonne to RM3,880.

The FBM KLCI, meanwhile, was down 4.59 points to 1,499.40.

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