Singapore Palm Stocks Rose Higher
| Written By Shares Investment on 04 Apr 2008 | Dow Jones News | Add comments (0) |
Singapore palm oil stocks rose broadly higher as investors bet on the rise of crude palm oil prices (CPO). Indofood Agri (5JS.SG) +1.5% at S$2.07, Golden Agri (G17.SG) +1.8% at S$0.86, Wilmar (F34.SG) +0.7% at S$4.35 vs FTSE ST All Share down 0.4%. As soybean price rose yesterday night, people may be thinking CPO prices could soon recover. Stocks generally still giving oversold signals on technical indicators, but today’s rise lacks volume support, suggests further upside limited in near-term.
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Keywords: Palm Oil

