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.
Bull or Bear? This One's Got Both Sides Fired Up. Why Bulls Love It ✅ Market leader in regulated stablecoins (USDC) ✅ Strong early-mover advantage under the new GENIUS Act ✅ Backed by big names like Bernstein and Needham , calling it a “must-hold for the future of digital dollars” ✅ Tapped into the next-gen financial rails , beyond crypto speculation Why Bears Are Nervous ⚠️ Overvalued, according to Mizuho, JPMorgan, Goldman Sachs ⚠️ Sluggish USDC supply growth ⚠️ Margin pressures + tough competition ⚠️ Long-term regulatory and adoption uncertainty Analyst Split Highlights 🟢 Needham: $250 PT 🟢 Bernstein: $230 PT 🟢 Seaport Global: $235 PT ⚪ Deutsche Bank / Goldman: Hold 🔴 Mizuho: $85 PT (Underperform) Our Take? If you're the type who bets big on digital infrastructure , Circle might be your next speculative hold. But if you fear overhyped valuations, this one ...