Investors chase palm oil shares after bullish CPO price forecasts


PETALING JAYA: Plantation stocks were actively traded on Bursa Malaysia yesterday, following the bullish projection by world palm oil experts that crude palm oil (CPO) prices are set to reach the RM3,000-per-tonne level by the second half of this year.

Among the top gainers were Genting Plantations Bhd and PPB Group Bhd, which gained 30 sen each to RM11 and RM16.66, respectively, while Kuala Lumpur Kepong Bhd firmed up 26 sen to RM23.90.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , palm oil , oil palm

   

Next In Business News

China expected to leave benchmark lending rates unchanged on Wednesday
Hibiscus Petroleum posts lower 1Q net profit of RM75.6mil
Sirim CEO appointed as WAITRO regional representative for 2025/26 term
Asian stocks rise, dollar weak as US yields tick down
Bank Negara, BIS drive global cross-border payment innovation with Project Nexus
China to speed up capital market opening
Hextar Global records higher net profit of RM19.71mil in 3Q
FBM KLCI tracks regional gains
Resorts World Sentosa's casino licence renewed for shorter period due to "unsatisfactory" tourism performance
Malaysia's exports grow 1.6% in Oct 2024

Others Also Read