New intra-day high for KL stock market

On Bursa Malaysia, plantation stocks continued to see trading interest on the back of lower palm oil stockpiles. According to official data, March palm oil inventories declined by more than expected.The higher demand from China, coupled with a marginal increase in crude palm oil production, had brought down the inventory to 2.17 million metric tonnes (-10.9% month-on-month) in March, the lowest level in the past six months.United Plantations Bhd, which was the top gainer, jumped 48 sen to RM27.98. IOI Corp Bhd was up 20 sen to RM4.98, adding 2.68 points to the KLCI. Sime Darby Bhd and Kuala Lumpur Kepang Bhd added 14 sen each to RM9.39 and RM21.72, respectively, pushing the index up more than two points. PPB Group Bhd rose eight sen to RM12.66.

http://biz.thestar.com.my/news/story.asp?file=/2013/4/12/business/12960001&sec=business