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.
Friday’s session opened with major price gaps across several big-cap names, offering traders potential signals for short-term market sentiment.
Top Gap Ups
FIX (Comfort Systems): +14.7%
GNTX (Gentex): +11.2%
DECK (Deckers Outdoor): +7.6%
EME (EMCOR Group): +4.4%
NEM (Newmont): +2.6%
AON (Aon PLC): +2.4%
USM (United States Cellular): +2.2%
ENSG (Ensign): +1.4%
HESM (Hess Midstream): +1.3%
OVV (Ovintiv): +1.2%
Top Gap Downs
LBRDA (Liberty Broadband): -11.5%
CHTR (Charter Communications): -11.5%
LBRDK (Liberty Broadband): -11.5%
PNFP (Pinnacle Financial): -10.4%
SNV (Synovus Financial): -10.2%
INTC (Intel): -6.9%
LEA (Lear): -4.4%
CMCSA (Comcast): -2.6%
DOC (Healthpeak Properties): -2.5%
ASTS (AST SpaceMobile): -1.7%
Top Consecutive Gaps
Gap Up Streak Leaders:
SHG (Shinhan Financial) – 15 days
DB (Deutsche Bank) – 15 days
ING (ING Groep) – 14 days
ESLT (Elbit Systems) – 13 days
KB (KB Financial) – 13 days
SAN (Banco Santander) – 13 days
TEF (Telefonica) – 12 days
Gap Down Streak Leaders:
WPP (WPP PLC) – 8 days
PSO (Pearson) – 7 days
EDU (New Oriental) – 7 days
ELV (Elevance Health) – 5 days
TECK (Teck Resources) – 5 days
DOW (Dow Inc.) – 5 days
CNC (Centene) – 5 days
HUM (Humana) – 5 days
AMKR (Amkor Technology) – 5 days
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