PALMOILMAGAZINE, JAKARTA – Palm stock prices rose by 4.12 percent in trading on Tuesday, June 20, 2023. The SSMS stock, or PT. Sawit Sumbermas Sarana Tbk., saw its share price increase by 4.12 percent to Rp 1,390 per share.
The increase in the selling price of this palm stock stands in stark contrast to the decline of the Indonesian Composite Index (IHSG) over the past week. The economic crisis currently affecting China, which is experiencing a decline in its manufacturing production, is the main cause.
The main cause indeed stems from the economic crisis occurring in many countries, which has reduced the demand for goods produced in China. The sluggish global economy also serves as a strong reason for stock investors to adopt a wait-and-see approach.
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Based on Palmoilmagazine.com monitoring, stock trading on the Indonesia Stock Exchange (BEI) has also experienced a similar slowdown. As a result, some palm stocks have experienced a decline in their selling prices.
Interestingly, as an investment option, there are still palm stocks that have seen an increase in their selling prices. The SSMS stock leads the way with a rise of 4.12 percent.
Here are the top 5 palm stock prices on Tuesday, June 20, 2023:
- SSMS stock or PT. Sawit Sumbermas Sarana Tbk., saw its selling price increase by 4.12 percent. The price of SSMS stock is now Rp 1,390 per share.
- PALM stock or PT. Provident Investasi Bersama Tbk., saw its selling price rise by 2.46 percent. The selling price of PALM stock is now Rp 625 per share.
- PSGO stock or Palma Serasih Tbk., saw its selling price rise by 2.19 percent. The selling price of PSGO stock is now Rp 140 per share.
- PNGO stock or PT. Pinago Utama Tbk., saw its stock price rise by 0.38 percent. The selling price of PNGO stock is now Rp 1,315 per share.
- CBUT stock or PT. Citra Borneo Utama Tbk., saw its selling price rise by 0.25 percent. The selling price of CBUT stock is now Rp 2,000 per share.
The continued increase in palm stock prices can be an option for stock investors, despite the ongoing corruption cases in the Indonesian palm business.
Domestic palm oil production is still showing growth, and various precautions against the El Nino climate have been implemented in palm plantations. The presence of the crude palm oil (CPO) export market and its derivative products also remains promising.
Stay updated with the latest information on palm stock issuers only at Palmoilmagazine.com. A news network partner of Mitra Media Networks. (T1).
