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OVER the last 10 years, technology companies around the world have attracted significant investor interest. Companies like Apple and Microsoft have become the world’s largest companies by market capitalisation.
Tech start-ups have also been drawing in the big bucks from investors. Besides unicorns, which have valuations of at least US$1bil (RM4.14bil), there are also decacorns, which have valuations surpassing US$10bil (RM41.48bil). There are an estimated 700 plus unicorns, out of which, approximately 30 are decacorns.
Despite all that, there is not a single technology company among the constituents of the main index of Bursa Malaysia, namely, the FBM KLCI.
The FBM KLCI, which comprises the top-30 largest companies on Bursa Malaysia by market capitalisation, has stocks mainly from the banking, telecommunications and plantation sectors.
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