Bursa Malaysia Stock Watch
IOI Corp leads slide in plantation stocks
kltrader
Publish date: Fri, 11 Mar 2011, 12:49 PM
kltrader
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IOI Corp fell the most in a month, leading a slide in Malaysian plantation stocks after OSK Research Sdn BHd said palm oil prices are now in a 'downcycle' that will last six to nine months.
The stock dropped 2.5 per cent to RM5.57 at 9:05 a.m. in Kuala Lumpur trading, set for its steepest decline since Feb. 10.
Kuala Lumpur Kepong Bhd lost 1.3 per cent to RM20.60 and Sime Darby Bhd fell 0.8 per cent to RM9.03. -- Bloomberg
The stock dropped 2.5 per cent to RM5.57 at 9:05 a.m. in Kuala Lumpur trading, set for its steepest decline since Feb. 10.
Kuala Lumpur Kepong Bhd lost 1.3 per cent to RM20.60 and Sime Darby Bhd fell 0.8 per cent to RM9.03. -- Bloomberg
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