KUALA LUMPUR: Crude palm oil (CPO) prices rose at the midday break on Tuesday, giving a boost to plantation stocks including KL Kepong and Sime Darby.
The local market played catch up to the major Asian bourses, which recorded healthy gains on Monday.
At 12.30pm, the KL Composite Index was up 9.17 points to 876.52. Turnover was 127.74 million shares valued at RM158.82mil. There were 174 gainers, 160 losers and 194 counters unchanged.
Light crude oil rose 11 sen to US$40.13 while CPO added RM58 to RM1,648. The ringgit was quoted at RM3.481 to the US dollar.
KL Kepong rose 25 sen to RM9, United Plantations 20 sen to RM10.60, Sime Darby and PPB 15 sen each to RM5.25 and RM9.25. IOI Corp and Asiatic gained 10 sen each to RM3.60 and RM3.52.
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