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.
U.S. stocks rose modestly on Friday, with the S&P 500 marking its fourth straight record close. Several individual names stood out as earnings and corporate actions drove large swings. Intel (INTC.US) Shares slid 8.9% despite beating revenue expectations with $12.9 billion in Q2 sales. The chipmaker posted an adjusted loss of 10 cents per share , missing estimates of a 1-cent profit, weighed down by restructuring charges. Intel also forecast Q3 revenue between $12.6–$13.6 billion and confirmed it has completed most of the planned 15% workforce reduction . Deckers Outdoor (DECK.US) Deckers surged 14% after fiscal Q1 earnings and revenue both topped forecasts. Revenue rose 17% to $964.5 million , beating expectations of $900 million. Hoka brand sales soared 20% , while UGG climbed 19% , both ahead of estimates. Centene (CNC.US) Centene gained 3.1% despite reporting a surprise adjusted...