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Telekom Malaysia's share price surged as much as 20% or 51 sen to RM3.66 in early trade on Wednesday following its demerger while Asian markets shrugged off the overnight fall on Wall Street as oil hit nearly US$120 (RM375) per barrel.hr noshade size=1 width=50%>
The Securities Commission (SC) approved the revised listing of Perlis Plantations Oil Palms Bhd on the main board of the Kuala Lumpur Stock Exchange (KLSE) because 30% of its equity would still remain with a bumiputra company after the exercise, the High Court heard yesterday.
Asian markets retreated in early trade on Tuesday, mirroring the decline on Wall Street after Bank Of America's first quarter net profit fell 77% while light crude oil was at the record levels of US$117 (RM368) per barrel.hr noshade size=1 width=50%>