KUALA LUMPUR (Feb 21): Shares of PLANTATION [] stocks were mixed in early trade on Tuesday, after crude palm oil (CPO) futures hit an eight-month high of RM3,260 per tonne on Monday.
The FBM KLCI was down 1.47 points to 1,559.10. Turnover was 452.59 million shares valued at RM232.01 million. There were 203 gainers, 253 losers and 292 counters unchanged.
United Plantations was the top gainer, up 74 sen to RM23.50 after it reported a higher pre-tax profit of RM491.541 million for the financial year ended Dec 31, 2011 versus RM349.46 million in FY10. Revenue rose to RM1.385 billion from RM995.107 million
BLD Plantations added 23 sen to RM10.06.
However there was some profit taking, with Chin Tek down 20 sen to RM8.66.
Batu Kawan and KL Kepong, which are scheduled to announce their results this week, slipped as investors locked in gains. Batu Kawan fell 14 sen to RM18.80 and KLK six sen lower at RM24.08.
The FBM KLCI was down 1.47 points to 1,559.10. Turnover was 452.59 million shares valued at RM232.01 million. There were 203 gainers, 253 losers and 292 counters unchanged.
United Plantations was the top gainer, up 74 sen to RM23.50 after it reported a higher pre-tax profit of RM491.541 million for the financial year ended Dec 31, 2011 versus RM349.46 million in FY10. Revenue rose to RM1.385 billion from RM995.107 million
BLD Plantations added 23 sen to RM10.06.
However there was some profit taking, with Chin Tek down 20 sen to RM8.66.
Batu Kawan and KL Kepong, which are scheduled to announce their results this week, slipped as investors locked in gains. Batu Kawan fell 14 sen to RM18.80 and KLK six sen lower at RM24.08.
