MARKET DEVELOPMENT
Major Plantation Shares Mixed On Weak Palm Oil Inventory Report
Major Plantation Shares Mixed On Weak Palm Oil Inventory Report
11/01/2013 (Bernama) - Major plantation counters traded mixed on weak palm oil inventory for December 2012.
As at 11.28am, Felda Global Ventures Holdings slipped one sen to RM4.59, KLK lost two sen to RM22.48, and Sime Darby was unchanged at RM9.57.
However, IOI Corp rose four sen to RM5.07.
Meanwhile, the plantation index also dropped 2.85 points to 8,162.55.
Yesterday, the Malaysian Palm Oil Board (MPOB) announced that Malaysia's palm oil stocks rose 2.41 per cent to 2.63 million tonnes in December.