LAST close (Jan 10): 635.82 points, up 2.32 points from a week ago. Week’s high: 636.97 points; Week’s low: 623.30 points.
The KLSE Composite Index (CI) drifted lower in quiet trading for most of the sessions and rebounded sharply in late trading from moderately active buying from local funds and the firmer index futures prices following news that newly formed local asset management company Valuecap Sdn Bhd had started to buy stocks. Valuecap, an investment company which is equally owned by Khazanah Nasional Bhd, Kumpulan Wang Amanah Pencen and Permodalan Nasional Bhd is expected to purchase up to RM10bil worth of stock in the near-term.
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