JAKARTA (Yosefardi) – Plantation shares in Jakarta, Kuala Lumpur, and Singapore were mostly in red zone this morning despite slight improvement of palm oil in the futures market.
In Jakarta, Astra Agro Lestari lost 3.12%, while Sampoerna Agro and Bakrie Sumatra dropped 1.8% and 1.9% respectively. PP London Sumatra and Salim Ivomas also down 1.2% each.
In Singapore, Golden Agri-Resources, controlled by Sinarmas Group, lost 1.77%, while Indofood Agri and Wilmar were flat.
In Kuala Lumpur, Kulim, IJM Plantations, and United Malacca were in red, while IOI Corp and KL Kepong inched up 0.74% and 0.09% respectively.
The benchmark September 2013 contracts of crude palm oil (CPO) inched up RM7 to RM2346 per ton Wednesday morning, while October contracts also gained RM7 to RM2339 per ton.