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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
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Big Money Flows into TENAGA While Retailers Shift to MAYBANK

Foreign investors are back in Malaysia — and they’re placing big bets on utilities.

Here’s what moved the market last week, and where the smart money went.

Global Pulse

  • US Jobs Data: 147k jobs added, unemployment at 4.1% → Rate cuts now expected in September

  • US Tariffs: 10% on EU exports → DAX down -1.02%

  • Commodities: Brent oil +0.78%, CPO +1.27%

  • Asia Market Moves:

    • India: +US$497m foreign inflow (manufacturing boom)

    • Vietnam: +US$22.6m (after new tariff deals)

    • South Korea: -US$336.5m (factory slump)

    • Indonesia: -US$171.6m

    • Malaysia: 2-week foreign buying streak continues

Malaysia Highlights: Foreign Funds Target TENAGA

Total Foreign Inflow: RM303 million
Top Sectors Bought by Foreigners:

  • Utilities: RM419m

  • Industrials: RM183m

Top 3 Foreign Picks:

  1. TENAGA: RM254m net buy

  2. WPRTS: RM56m

  3. SUNWAY: RM52m

Retail Investors Shift Tactics

Retail Net Outflow: RM364 million

Top Retail Buys:

  1. MAYBANK: RM44m

  2. TOPGLOV: RM30m

  3. CIMB: RM18m

Biggest Retail Sell-Offs:

  • GAMUDA: -RM70m

  • YTLPOWR: -RM47m

  • TOPGLOV: -RM24.6m

Risks to Watch

  • Fed Delays: September cut now priced in → could impact EM fund flows

  • Tariffs: US tensions with EU, China, and BRICS may dent export markets

  • Ringgit Volatility: Slight rebound, but oil price swings remain a key risk

Investor Takeaway

Foreign funds are rotating into dividend-paying and resilient sectors like utilities. TENAGA’s RM254m inflow is a major signal. Meanwhile, retailers are turning cautious, preferring blue-chip banks like MAYBANK.

Watch utilities, logistics, and exporters for potential strength as institutions load up.

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