Plantation stocks helped push the local bourse to a higher close - TopicsExpress



          

Plantation stocks helped push the local bourse to a higher close on Tuesday with IOI Corp, KLK and United Plantations among counters seeing interest from funds despite lower crude palm oil (CPO) futures. CPO prices for August delivery slipped RM33 to RM2,383 per tonne at 5pm. China equities fell after a private gauge of manufacturing activity showed a contraction in May at 49.4, which was also below the median forecast of 49.7 but higher than the 48.1 reported in the previous month. European markets were lower before economic data that may point to a still uncertain growth outlook for the euro-area and the US. At the close, the FBM KLCI rose 8.30 points or 0.45% to 1,872.55. Advancers outpaced decliners 395 to 369 while 338 other counters were traded unchanged.
Posted on: Tue, 03 Jun 2014 10:24:19 +0000

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