MARKET DEVELOPMENT
Malaysian Planters Rise as Palm Rebounds
Malaysian Planters Rise as Palm Rebounds
29/09/2011 (Business Times) - Kuala Lumpur Kepong Bhd rose the most in almost seven months in Kuala Lumpur trading and IOI Corp gained after palm oil prices in Malaysia climbed for the first time in five days.
KL Kepong advanced 2.2 per cent to RM19.98 at 11.53 am local time, set for its biggest increase since March 4.
IOI added 1.8 per cent to RM4.44 and Tradewinds Plantation Bhd gained 2.7 per cent to RM3.03. - Bloomberg