KLCI surges 24.34 points or 2.03% to 1225.38 at midday. There are 506 million shares changed hand valued at RM 608 million.
Bursa is up 55sen to RM 8.80
The regional markets are rising as well, with Hang Seng Index up by 4.5%; Singapore STI rises 2.4%
CPO third-month futures surges RM 108 to RM 3,448 per tonne.
Malaysia PM Abdullah says that the stock markets are to be streamlined; Main and second Boards of Bursa Malaysia to be merged and Mesdaq is to be revamped.
The Government is to set up the third credit rating agency and allow foreign strategic partners to hold 49% equity interest.
Singapore’s GKG Investment emerges as a substantial shareholder in Lion Industries with 5.25% or 37.36 million shares on March 19.