FGV rallied 13 sen to RM1.45 with 46 million shares done, catching up with the more profitable plantation players. At RM1.45, this was the highest since October 2018 on a news report that a tycoon was keen to take up a stake.
KUALA LUMPUR: Petronas-linked stocks, Tenaga Nasional and Public Bank weighed on the FBM KLCI on Wednesday on continued fund selling but plantations brightened the gloomy market as crude palm oil (CPO) futures rallied past RM2,900.
At 5pm, the FBM KLCI was down 5.73 points or 0.37% to 1,562.71 and year-to-date the 30-stock index is down 7.56%. However, it ended off the day's low on some late buying support.
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