Bloomberg News

Sime, Malaysian Planters Slump After Palm Oil Prices Decline

October 02, 2011

Oct. 3 (Bloomberg) -- Sime Darby Bhd. fell the most in two weeks in Kuala Lumpur trading, leading a slump in Malaysian plantation stocks after palm oil prices slid.

Sime lost 4 percent to 8.10 ringgit at 10:34 a.m. local time, set for its steepest drop since Sept. 15. Kuala Lumpur Kepong Bhd. lost 3.9 percent to 20.28 ringgit and IOI Corp. declined 3.4 percent to 4.49 ringgit. Palm oil dropped as much as 2.7 percent to 2,827 ringgit per metric ton.

To contact the editor responsible for this story: Chan Tien Hin at thchan@bloomberg.net


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