29/06/2012 (Bernama) - The overwhelming response towards the listing of Felda Global Ventures Holdings Bhd (FGV) today clearly signalled the long-term confidence of locals in Malaysia's oil palm industry, says Tan Sri Bernard Dompok.

The Minister of Plantation Industries and Commodities said the reception that FGV received showcased the vibrancy of the plantation sector as well as the confidence in the palm oil crop.

"It shows the confidence in the crop despite its flattish prices lately," he told reporters after closing the 2012 Commodities Industry Consultation session Thursday.

FGV shares closed the day on a bullish note at RM5.30 per share after making an impressive debut on Bursa Malaysia at RM5.39 when it chalked up a premium of 84 sen over its offer price of RM4.55.