InfoSAWIT, JAKARTA – Palm oil plantation companies’ stocks on Tuesday, 20 June 2023 trade got increasing up to 4,12 percent. It was led by SSMS or PT. Sawit Sumbermas Sarana Tbk., that got increasing selling price to be Rp 1.390 per stock.

It was contra with the decreasing Indeks Harga Saham Gabungan (IHSG) level this week. Economic crisis in China forces the country to get decreasing manufacture production.

The main factor is from economic crisis which happens in many countries that decrease goods demands from China. The sluggish economy in the world could be the strong reason for stock investor to be at wait and see.

As Editorials of InfoSAWIT noticed, stock trade at Bursa Efek Indonesia (BEI) was sluggish. Some palm oil plantation companies’ stocks decreased.

The interesting is that as option of investment, some palm oil companies’ stocks increased the selling price. It was led by SSMS that increased up to 4,12 percent.

Here are top five palm oil companies’ stocks on Tuesday, 20 June 2023:

1. SSMS or PT. Sawit Sumbermas Sarana Tbk., within increasing stock selling price up to within increasing stock selling price up to 4,12 percent to be Rp. 1.390 per stock.
2. PALM or PT. Provident Investasi Bersama Tbk., within increasing stock selling price up to 2,46 percent to be Rp. 625 per stock.
3. PSGO or Palma Serasih Tbk., within increasing stock selling price up to 2,19 percent to be Rp. 140 per stock.
4. PNGO or PT. Pinago Utama Tbk., within increasing stock selling price up to 0,38 percent to be Rp. 1.315 per stock.
5. CBUT or PT. Citra Borneo Utama Tbk., within increasing stock selling price up to 0,25 percent to be Rp. 2.000 per stock.

This could be option for stock investors though palm oil business in Indonesia is facing corruption case.

Palm oil production in this country tends to increase and there has been anticipation to El Nino. Crude palm oil and its derivative exports are promising still.

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Disclaimer: This article is only a reference for dear readers, not to take or influence someone’s decision to invest. Editorials of InfoSAWIT is not in charge in every action to invest.