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THE KLSE closed higher for the third day in a row yesterday with a strong trading volume, but heavy profit-taking pared gains in the afternoon. The benchmark Composite Index (CI) ended an active trading day up nearly 10 points at 661.41.
Asset management company Valuecap Sdn Bhd was launched a week ago. Before one could say V-a-l-u-e-c-a-p, investors, and foreign funds came swooping in to the market to buy undervalued stocks. As the rush continued over the week, major corporate announcements were announced, turning a once sagging market into a bustle.
Stock Market Signals: A weekly column by G.M. Teoh on the performance of the KLSE's Second Board.
DESPITE losing ground this week, the Chinese New Year rally is still expected to have its last hurrah at the Kuala Lumpur Stock Exchange (KLSE) next week. Observers say the market may get a boost from corporate announcements and continued investor interest following the entry of Valuecap Sdn Bhd.