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.
Global markets saw positive momentum as US markets climbed after Trump’s tariff plans turned exploratory rather than immediate , while Singapore shares opened lower on Friday despite stable 2025 NODX forecasts and key earnings reports from ThaiBev and Civmec. 📈 US Market Highlights 🔹 S&P 500: +1.04% 🔹 Dow Jones: +0.77% 🔹 Nasdaq: +1.56% 📌 Market Boost: Trump’s tariff approach appeared softer, focusing on investigations rather than immediate action, easing investor concerns. 🇸🇬 Singapore Market Snapshot 🔹 STI: 3,867.58 (-0.39%) 🔹 Volume: 134.32M | Value: S$108.95M 🔹 Advancers/Decliners: 94/65 📊 Key Singapore Economic Data 🔹 NODX (Non-oil Domestic Exports) rose 0.2% in 2024 , driven by electronics shipments, though non-electronic exports fell. 🔹 2025 NODX growth forecast: Stable between 1%-3% , despite global uncertainties. 📉 SGX Tradin...