Singapore shares rise, lifted by palm oil stocks
date:Aug 27, 2013
hares jumped as much as 6.2 percent on a volume of more than 20 million shares, 3.8 times the average.

The stocks had been battered recently, in part due to concern about weak crude palm oil (CPO) prices. Both companies have sizeable plantations in Indonesia, the world's top palm oil producer.

Indonesia cut its CPO export tax to 9 percent for September from 10.5 percent in August. The country is also aiming to contain its current account deficit partly by lowering oil and gas imports.

CIMB Re
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05/09 19:26