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Wednesday, October 03, 2012

Plantation and CPO







Plantation Index : A clear down trending. I posted and asking all to avoid plantation stocks, and we need to watch closely now. FCPO dropped 200+ points yesterday.

SIME : Touched 9.24, at 9.30 now ... dropping 45 cents, 4.6% down ... dragging KLCI.

KLK : Dropping RM 1.24 at the moment, 5.6% losses ... draggin KLCI.

With IOICorp down 8cents too, TM, Maxis and Digi being used to support KLCI. Otherwise, we do expect 20 points dropping ... and I will be a glad again.

will post those charts tonight if I could find little time.

TEH

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