CPO up RM52, Maybank, Public Bank up

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KUALA LUMPUR: Blue chips had their best day so far this month, as surging oil prices and crude palm oil futures and a boost from Maybank and Public Bank pushed the KL Composite Index up more than 15 points in late afternoon on March 23. At 3.18pm, the KLCI was up 15.82 points to 872.44. Turnover was 385.89 million shares valued at RM533 million. Light crude oil was trading 73 cents higher at US$52.80 while CPO jumped RM52 to RM2,037. Maybank rose 18 sen to RM4.54 on positive remarks by its president and chief executive officer Datuk Seri Abdul Wahid Omar. The higher CPO prices nudged KL Kepong up 60 sen to RM10.60 and Batu Kawan 20 sen to RM7.90. Lafarge rose 22 sen to RM4 while Public Bank added 20 sen to RM7.45 and Maybank 18 sen to RM4.54. KNM was the most active with 28.4 million shares done, adding three sen to 39 sen. TM International rose eight sen to RM2.43.