JAKARTA (Yosefardi) – Plantation shares listed on Indonesia Stock Exchange (IDX) lost ground Monday (Apr 27) morning as crude palm oil (CPO) dropped further by almost 1%.

Astra Agro Lestari (AALI) led the downfall with 8.75% fall, followed by Sawit Sumbermas (SSMS), which lost 5.61%.

PP London Sumatra, unit of Salim Group, also lost 5.26%, while Sampoerna Agro down 5.08%.

Tunas Baru Lampung, Eagle High Plantation, and Salim Ivomas Pratama were also in red zone.

The benchmark July contracts of CPO opened lower by RM21 to RM2133 per ton on the Bursa Malaysia Derivatives this morning.