Kuala Lumpur Kepong Bhd gained 1.9 percent to RM23.44, on course for a record close, as global commodities posted the biggest rally in almost eight months on speculation that increased factory output in countries ranging from China to the U.S. signals increasing demand for raw materials.
The Standard & Poor’s GSCI Spot Index of 24 commodities rose 3.4 percent to settle at 666.55 yesterday, the largest gain since May 9.
TH Plantations Bhd rose 2.3 percent to RM2.24, while Kulim Malaysia Bhd added 1.4 percent to RM4.38.
The March delivery palm oil contract advanced 1.6 percent to RM3,225 (US$1,027) per metric ton on the Malaysia Derivatives Exchange yesterday, the highest close since Nov. 18. -- Bloomberg
The Standard & Poor’s GSCI Spot Index of 24 commodities rose 3.4 percent to settle at 666.55 yesterday, the largest gain since May 9.
TH Plantations Bhd rose 2.3 percent to RM2.24, while Kulim Malaysia Bhd added 1.4 percent to RM4.38.
The March delivery palm oil contract advanced 1.6 percent to RM3,225 (US$1,027) per metric ton on the Malaysia Derivatives Exchange yesterday, the highest close since Nov. 18. -- Bloomberg
