Wednesday, August 18, 2010

Wilmar up 2.4% after MSCI upgrade

Written by Thomson Reuters


Wednesday, 18 August 2010 12:19

Shares of the world’s largest listed palm oil plantation firm, Wilmar International , rose as much as 2.4% on Wednesday after Morgan Stanley Capital International (MSCI) raised its weighting on the company.

UBS said in a report Wilmar now accounts for 5.3% of MSCI Singapore index from 3.6%, ahead of the broker’s expectation of 5.1%.

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