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Planters gain on higher palm oil prices
by hlk Wed 04 Jul 2012, 14:03
TH Plantations Bhd advanced 2.2 percent to RM2.36 in Kuala Lumpur
trading at 10.04am, bound for its steepest increase since June 19.
Kwantas Corp climbed 1 percent to RM1.98, while Cepatwawasan Group Bhd
added 1 percent to RM1.03, bound for the highest close since July 2.
Palm
oil rose 1.2 percent to close at RM3,124 a metric ton on the Malaysia
Derivatives Exchange yesterday, the highest price for the most-active
contract since May 29. Futures have rebounded 10 percent since reaching
an eight-month low on June 14. -- Bloomberg
trading at 10.04am, bound for its steepest increase since June 19.
Kwantas Corp climbed 1 percent to RM1.98, while Cepatwawasan Group Bhd
added 1 percent to RM1.03, bound for the highest close since July 2.
Palm
oil rose 1.2 percent to close at RM3,124 a metric ton on the Malaysia
Derivatives Exchange yesterday, the highest price for the most-active
contract since May 29. Futures have rebounded 10 percent since reaching
an eight-month low on June 14. -- Bloomberg
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