KUALA LUMPUR: Crude palm oil (CPO) futures rose to a three-month high of RM2,017 at the midday break on Wednesday, giving a boost to plantation stocks.
CPO third-month futures rose RM37 to RM2,017, highest in three months on news reports that there could likely be a decline in stockpile. Oil was trading at US$48.64 per barrel.
At Bursa Malaysia, the focus was still on plantation stocks. KL Kepong rose 50 sen to RM10.50, United Plantations and Sime Darby 20 sen each to RM10.40 and RM5.85 while Asiatic gained 12 sen to RM4.36 and Kulim 11 sen to RM5.05. IOI Corp rose six sen to RM4.40.
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