JAKARTA (Indonesia Today) – Plantation shares were under substantial pressures in the region Tuesday (April 30) on weak palm oil price.
Salim Ivomas lost 6.82% to Rp820 with over 26 million shares exchanged hands in Jakarta, while Global Palm Resources dropped 7.61% in Singapore.
PP London Sumatra and Sampoerna Agro lost 3.6% and 3.7% respectively, while BW Plantation declined further by 3.16%. Bakrie Sumatra Plantations (UNSP) and Gozco Plantations were also in negative territory.