Wednesday, October 5, 2011

No respite for plantations on cutious CPO market

KUALA LUMPUR: Shares of PLANTATION []s extended their declines on the cautious outlook for crude palm oil (CPO) prices, with United Plantations the top loser in late morning on Wednesday, Oct 5.

At 10.57am, the FBM KLCI was up 6.53 points to 1,367.91. Turnover was 211.18 million shares valued at RM253.63 million. There were 245 gainers, 166 losers and 224 stocks unchanged.

CPO for October delivery fell RM15 to RM2,840 but CPO for third month delivery was just RM9 higher at RM2,819.

United Plantations fell 28 sen to RM17.20, BLD Plantations 20 sen to RM5.60, KL Kepong 18 sen to RM19.98 and Sungai Bagan 12 sen to RM2.50. Batu Kawan eased six sen to RM14.50.

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