Wednesday, June 8, 2011

Crude palm oil futures hits 3-wk low

KUALA LUMPUR: Crude palm oil third-month futures fell RM39 to RM3,313 in late morning on Wednesday, June 8, which was the lowest since May 18.

US light crude oil fell 43 cents to US$98.66 per barrel.

The ringgit was quoted at 3.0108 against the US dollar, but off its early high of 2.9994.

At 11.49am, the FBM KLCI was up 0.45 of a point to 1,552.34. Turnover was 333.39 million shares valued at RM481.74 million. There were 235 gainers, 261 losers and 290 stocks unchanged.

HL Bank rose 14 sen to RM12.66, PPB 10 sen to RM17.55, BLD PLANTATION []s nine sen higher at RM7.21 while AirAsia and Genting added eight sen each to RM3.13 and RM11.02.

Tradewinds fell the most, down 46 sen to RM10.56, Public Bank shed 12 sen to RM13.12, Lafarge 11 sen to RM7.39, Rimbunan Sawit seven sen to RM2.55 and UMCCA also seven sen lower at RM7.

UOA Development slipped seven sen to RM2.53 from its institutional price of RM2.60. There were 47.69 million shares done.

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