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KL Kepong falls most in 22 months

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KL Kepong falls most in 22 months Empty KL Kepong falls most in 22 months

Post by hlk Tue 09 Aug 2011, 11:53

Kuala Lumpur Kepong Bhd fell the most in 22 months in Kuala Lumpur trading, leading a drop by Malaysian plantation companies, after palm oil futures dipped below the RM3,000 a metric ton level yesterday, the first time since October.

KL Kepong lost 5.3 per cent to RM20.10 at 9:09 a.m., set for its biggest drop since Oct. 6, 2009.

IOI Corp declined 4.5 per cent to RM4.47 and Sime Darby Bhd slid 2.7 per cent to RM8.71. -- Bloomberg




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