On Monday(12/5/2008), KLCI's move up about 12.5 points. As i say earlier the mining industry(specially Steel) was not going to gain a lot although the price was lift by the government yesterday. (Southern Steel Berhad, in particular has rise almost 60% since last week!!!, from RM2.26 to RM 3.30)
The mining and other counters were not doing any good at all(ofcourse not doing bad as well). However the CPO price was up more than 100 ringgit yesterday. So... the plantation counters actually was the one pushing the Whole Market on Monday.
I was a little bit underestimate the movement of the plantation counters.
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Another suprise will be GPLUS counter thatis also up over 70 cents to RM2.11 from RM1.36 in less than a week.
this counter was just out from being suspended the other day.(Crazy world)
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