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.
China's leading solar exporters, including Trina Solar , LONGi Green Energy , and Tongwei , have pledged to halt undercutting prices in overseas markets. The move comes as the industry faces severe challenges from a supply glut , price wars , and growing risks of protectionist measures in key export destinations like the EU, India, Pakistan, and Brazil . Key Developments Industry Collaboration : A "self-discipline" committee of 22 solar companies was formed under the China Chamber of Commerce for Import and Export of Machinery and Electronic Products to promote healthy competition and stabilize exports. Policy Shift : Effective Dec. 1 , the export levy rebate for wafers, cells, and modules will decrease from 13% to 9% , aiming to encourage the export of high-value-added products and mitigate risks of anti-dumping inve...