THE formation of an investment holding company with resources of up to RM10 billion invest in listed securities on the Kuala Lumpur Stock Exchange (KLSE) could well provide a fillip to the market next week.
An announcement of the establishment of Valuecap Sdn Bhd certainly helped boost the market yesterday. Trading in negative territory for most of the day, the market turned in the last two hours of trade as news of Valuecap lifted the market 9 points to end the day and week at 636 points, for a 2 point gain over the week.