Published: 2009/06/02
IOI Corp, Malaysia’s second-biggest palm-oil producer, climbed to its highest in a week in Kuala Lumpur trading, leading gains among plantation stocks after the price of the commodity jumped 2.5 per cent yesterday.IOI added 1.3 per cent to RM4.64 at noon break on the Malaysian stock exchange, set for its highest close since May 26.
Smaller rivals Kuala Lumpur Kepong Bhd added 1.7 per cent to RM11.90 and Asiatic Development Bhd climbed 1.8 per cent to RM5.60 at midday.Palm oil for August delivery climbed to RM2,625 (US$716) a metric ton on the Malaysia Derivatives Exchange yesterday, extending last week’s 1.6 per cent gain. The commodity, used as cooking oil and as an alternative fuel, has surged 55 per cent this year. -- Bloomberg
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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