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.
Bitcoin has broken through the $112,000 milestone , setting a new all-time high as institutional flows surge and tech optimism boosts risk appetite. The broader crypto market followed suit, with Ethereum and Dogecoin registering notable gains. Key Highlights: Bitcoin (BTC) surged to $112,152 before stabilizing near $111K , with trading volume up 38% in 24 hours. Ethereum (ETH) spiked over 5.5% , hitting $2,794 on strong momentum (+68% volume). Dogecoin (DOGE) climbed nearly 5% to $0.1790 . The crypto market cap jumped to $3.46 trillion , up 2.58% daily. Top gainer: dogwifhat (WIF) +12.08%, followed by SPX6900 and Stellar (XLM) . Institutional Signals Bitcoin ETFs recorded $75M net inflows , signaling growing institutional appetite. BTC open interest rose 6.46% , confirming speculative strength. Crypto Fear & Greed Ind...