THE Kuala Lumpur Stock Exchange (KLSE) had a spectacular week amid heavy trading interest, buoyed by news that the newly established asset management firm, ValueCap Sdn Bhd, has started buying into the local equity market.
ValueCap, a RM10 billion-fund equally-owned by state investment arms Khazanah Nasional Bhd, Permodalan Nasional Bhd and Kumpulan Wang Amanah Pencen stormed the local bourse by surprise, snapping up blue chips in a buying spree.
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