Palm oil stocks burnt by forest fires

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SG haze harbourShare prices of listed palm oil plantation companies in Singapore, Malaysia and Indonesia took a dive due to the ongoing forest fires in Sumatra that enveloped the city state and parts of Peninsular Malaysian over the past week.

Even though he companies largely denied being involved in the fires on their concession territory, investors lost confidence, fearing possible legal proceedings that might have an impact on the companies’ mid-term performance.

Stocks of the largest plantation companies lost between 5 and seven per cent over the past days.

Share prices as of June 24:

Wilmar International: -3.08%
Golden Agri Resources: -2.72%
First Resources: -3.01%
Indofood Agri Resources:-2.03%
IOI Corp: -0.95%
Genting Plantations: -3.05%
Boustead Holding: -0.96%
Kuala Lumpur Kepong: -0.56%
Astra Agro: -2.42%
United Plantations: -5.84%

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Reading Time: 1 minute

Share prices of listed palm oil plantation companies in Singapore, Malaysia and Indonesia took a dive due to the ongoing forest fires in Sumatra that enveloped the city state and parts of Peninsular Malaysian over the past week.

Reading Time: 1 minute

SG haze harbourShare prices of listed palm oil plantation companies in Singapore, Malaysia and Indonesia took a dive due to the ongoing forest fires in Sumatra that enveloped the city state and parts of Peninsular Malaysian over the past week.

Even though he companies largely denied being involved in the fires on their concession territory, investors lost confidence, fearing possible legal proceedings that might have an impact on the companies’ mid-term performance.

Stocks of the largest plantation companies lost between 5 and seven per cent over the past days.

Share prices as of June 24:

Wilmar International: -3.08%
Golden Agri Resources: -2.72%
First Resources: -3.01%
Indofood Agri Resources:-2.03%
IOI Corp: -0.95%
Genting Plantations: -3.05%
Boustead Holding: -0.96%
Kuala Lumpur Kepong: -0.56%
Astra Agro: -2.42%
United Plantations: -5.84%

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