Friday, March 4, 2011

Plantations among top gainers, CPO up RM30 to RM3,600

KUALA LUMPUR: PLANTATION [] stocks were among the top gainers in late afternoon trade on Friday, March 4, in line with the broader market and key regional bourses.

At 3.47pm, the KLCI was up 13.79 points to 1,520.67. Turnover was 794.98 million shares valued at RM1.28 billion. There were 595 gainers, 157 losers and 247 stocks unchanged.

Crude palm oil futures rose RM30 to RM3,600, off the intra-day high of RM3,615.

KL Kepong, which had fallen in recent weeks, rose 62 sen to Rm21.12, Kulim-WC added 30 sen to 60.5 sen and United Plantations 30 sen to RM17.60.

Other gainers were DiGi, up 50 sen to RM27.60, MISC 30 sen to RM8.06 amd Genting 26 sen to RM10.28. Faber was up 20 sen to RM1.90 after the recent selldown on its weak financial results.

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