JAKARTA (Yosefardi) – Plantation stocks at the Indonesia Stock Exchange (IDX) extend their correction this morning trade (June 17) along with declining crude palm oil (CPO) price.
London Sumatera dropped 6.1% with 15.85 million shares exchanged hands. BW Plantation also lost 5.38% with trading volume of 16.55 million shares.
Also falling were Astra Agro Lestari (-1.5%), Sampoerna Agro (-0.54%), and Tunas Baru Lampung (-1%).
While Bakrie Sumatera Plantation gained 1.89%.
CPO ended lower in the futures market in Friday (June 14). The benchmark September 2013 contracts ended at RM2436.