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11/24/11

Aali and UNSP shares slump following the world CPO price?

JAKARTA. Producer stocks of crude palm oil (CPO) to record the decline today. At 10:52, the shares of PT Astra Agro Lestari(Aali) fell 1.20% to Rp 20,550.
 In addition, the decline was also experienced by the shares of PT Bakrie Plantations (UNSP) thateroded 1.82% to $ 270.

Action was due to lower selling prices of CPO contract. Just so you know, the price of crude palm oil contract declined by 0.9% to3081 ringgit or U.S. $ 965 per metric ton in Kuala Lumpur. This is a decline for five consecutive days. If calculated, throughout the week, the contract price of CPO has fallen 4.4%.

source: http://investasi.kontan.co.id
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