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.
All eyes turn to Nvidia Corp (NVDA.US) this week as the AI-chip leader reports fiscal Q2 2026 earnings on Aug 27 after market close . With a $4 trillion market capitalization, Nvidia has become the bellwether of the AI trade, and its results could set the tone for both the semiconductor sector and broader equity markets. Core Financial Expectations Revenue (Guidance): $45b (+50% YoY, +2% QoQ) Consensus: $46.1b Gross Margin (GAAP): 71.8% (↓3.3pp YoY, ↑11.3pp QoQ) Gross Margin (Non-GAAP): 72% (↓3.7pp YoY, ↑0.7pp QoQ) Net Income (GAAP): $22.6b (+36% YoY, +20% QoQ) Net Income (Non-GAAP): $24b (+42% YoY, +21% QoQ) Consensus: $24.5b Investor takeaway: The bar is set high — even a small revenue or margin miss could spark volatility given Nvidia’s premium valuation. Key Watchpoints for Investors 1. China & the H20 Uncertainty Background: Q1 results were marred by a $4.5b charge on H20 chips after the U.S. banned shipmen...