MARKET DEVELOPMENT
IOI Corp Leads Malaysian Planters Lower
IOI Corp Leads Malaysian Planters Lower
09/08/2011 (Business Times) - IOI Corp fell the most in 30 months in Kuala Lumpur trading, leading a drop by Malaysian plantation companies after palm oil futures slumped for a third day to a one-month low.
IOI lost 5.8 per cent to RM4.70 as of 11.58 am local time in Kuala Lumpur, set for its biggest drop since February 5, 2009.
Kuala Lumpur Kepong Bhd slid 3.2 per cent to RM20.86 and Sime Darby Bhd fell 4.2 per cent to RM8.67.