IOI Corporation’s share price fell to the March low of RM4.54 on Friday on some mild foreign fund selling of the plantation heavyweight following the weaker crude palm oil (CPO) prices. At 9.56am, IOI was down 12 sen to RM4.58.There were 1.26 million shares done at prices raging from RM4.54 to RM4.70. The FBM KLCI rose 4.94 points or 0.28% to 1,772.71. Turnover was 423.30 million shares valued at RM251mil. There were 475 gainers to 103 losers. However, company filings showed the Employees Provident Fund Board had bought 2.828 million shares on Oct 13 and raised its stake to 8.98% or 570.98 million shares. IOI Corp’s major shareholder Vertical Capacity Sdn Bhd bought 1.70 million shares also on Oct 13 and raised its direct stake to 46.17% or 2.937 billion shares.
Posted on: Fri, 17 Oct 2014 09:46:18 +0000
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