Palm Oil Stock Prices Increase by 5.05% on Wednesday, August 30, 2023: Driven by Strong National Economy

Palm Oil Magazine

PALMOILMAGAZINE, JAKARTA – Nine (9) palm oil stock prices have experienced an increase in their selling prices, in the palm oil stock trading, some still saw an uptick in their selling prices. Palm oil stock prices in the stock market on Wednesday, August 30, 2023, rose by as much as 5.05 percent, quoting from InfoSAWIT.

The increase in palm oil stock prices is in line with the rise of the IHSG index today. The increase in palm oil stock prices is also propelled by the strengthening of the national economy, as August 2023’s inflation was only at 0.1 percent.

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Here are the top 5 selling prices of palm oil stocks in the Indonesia Stock Exchange (BEI) trading on Wednesday, August 30, 2023: PNGO stock, or PT. Pinago Utama Tbk., rose by 5.05 percent. The selling price of PNGO stock reached Rp. 1,455 per share, BWPT stock, or PT. Eagle High Plantations Tbk., rose by 1.67 percent. The selling price of BWPT stock reached Rp. 61 per share, ANJT stock, or PT. Austindo Nusantara Jaya Tbk., rose by 1.32 percent. The selling price of ANJT stock reached Rp. 765 per share. STAA stock, or PT. Sumber Tani Agung Resources Tbk., rose by 1.20 percent. The selling price of STAA stock reached Rp. 845 per share. TAPG stock, or PT. Triputra Agro Persada Tbk., rose by 0.88 percent. The selling price of TAPG stock reached Rp. 570 per share.

Also Read : Palm oil stock prices on Thursday, August 10, 2023, increased by up to 13.56%

The increase in the top 5 palm oil stock prices was also experienced by other palm oil stocks. MGRO, TBLA, NSSS, and FAPA stocks recorded consecutive increases of 0.75 percent, 0.63 percent, 0.54 percent, and 0.49 percent, respectively.

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