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Indonesian plantation stocks led gains on the Jakarta Composite Index on March 1, 2018, with the agriculture sector up 4.23%. Salim Ivomas Pratama rose 19.05%, and several other palm oil producers also gained.
Analysts linked the rally to firmer crude palm oil prices and a stronger US dollar.
Stronger CPO prices improve plantation margins, which lifts equity valuations in the sector. The move signals firmer physical palm oil prices but is primarily a stock-market reaction.
liputan6.comAgustina MelaniMar 1, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
