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MARKET DEVELOPMENT
Tradewinds Leads Planters Higher
calendar03-12-2011 | linkBusiness Times | Share This Post:

03/12/2011 (Business Times) - Tradewinds Plantation Bhd rose the most in ten months in Kuala Lumpur trading, leading a gain by plantation stocks after palm oil futures climbed for the first time in eight days.

Tradewinds jumped 8.4 percent to RM4.25 at 9:30 a.m. local time, set for its steepest gain since Feb. 2.

Kuala Lumpur Kepong Bhd added 0.9 percent to RM22 and Sime Darby Bhd advanced 1.2 percent to RM9.15.

Palm oil futures rose 1.3 percent in Malaysia yesterday, snapping a seven-day slump. -- Bloomberg