Thursday, March 3, 2011

Plantations keep their gains, CPO futures flat at RM3,565

KUALA LUMPUR: PLANTATION [] stocks were among the major gainers in late afternoon trade on Thursday, March 3 while crude palm oil (CPO) third month futures were unchanged at RM3,565 per tonne, off the early high of RM3,620.

At 4.24pm, the FBM KLCI is up 7.44 points to 1,506.72. Turnover is 933.66 million shares valued at RM1.24 billion. There were 448 gainers, 305 losers and 274 stocks unchanged.

PPB, which plans to double its flour production in Indonesia, Vietnam in two years to 2,800 tonnes a day, rose 26 sen to RM17.06. Indicative investment is more than RM140 million.

Kulim-WC call warrants rose 30 sen to 30.5 sen but in thin trade, giving a boost to the mother shares. Kulim, which fell recently after its share split and bonus shares went ex, rose 20 sen to RM3.41.

Genting Plantations increased 25 sen to RM7.95 and KL Kepong 22 sen to RM20.48.

Other gainers are DiGi, up 32 sen to RM27.18, Dutch Lady 30 sen to RM15.92 and Hartalega 23 sen to RM5.73.

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