Tuesday, October 4, 2011

Plantations under pressure again as CPO falls to yr low

KUALA LUMPUR: PLANTATION [] stocks came under more selling pressure on Tuesday, Oct 4, tracking the decline in crude palm oil (CPO) futures which fell to a year's low.

At 3.55pm, Kuala Lumpur Kepong was down 34 sen to RM20.16, PPB 14 sen'' to RM16.34 while Kluang also shed 14 sen to RM2.26.

The FBM KLCI fell 5.83 points to 1,361.69. There were 615.94 million shares done valued at RM902.35 million. There were 280 gainers, 328 losers and 264 stocks unchanged.

The CPO third-month futures fell RM30 to RM2.820, the lowest since Oct 12, 2010.

The ringgit weakened to 3.2055 against the US dollar from 3.2048 on Monday.

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