Tuesday 25 October 2011

IOI Corp leads planters higher

Malaysian plantation stocks including IOI Corp rose in Kuala Lumpur trading after palm oil climbed for a second day yesterday.

IOI rose 1.4 percent to RM5.10 at 9:24 a.m. local time, its second day of gains.

Kretam Holdings Bhd gained 2.9 percent to RM2.11, set for its highest close since Sept. 21.

Hap Seng Plantations Holdings Bhd added 1.5 percent to RM2.65. -- Bloomberg
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