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.
Headline Numbers Net Profit : RM45.4m (+21.1% YoY) Revenue : RM183.5m (+10.8% YoY) EPS : Not disclosed, but profit growth supported by all business segments. Dividend : None declared. Key Growth Drivers Property Sales & Development Strong residential & commercial contributions. Conlay Signature Suites : >40% take-up, with solid local & international demand. Preparing new launches : Senna & Fera Phases 3 & 4 : 68 landed homes on Andaman Island. 3QFY2026 pipeline : 1,080-unit luxury waterfront condos (Andaman Island). Landed homes + retail shoplots (Elmina). Hospitality Division Strong performance, especially in Penang hotels. Boost from more direct flights & Malaysia–China visa waiver (July 2025) , expected to drive tourist arrivals. Investments Positive contribution from investment portfolio alongside property segment. Market Reaction Share Price : 84 sen (↓1.18% / -1 sen) at noon break. Market Cap : RM2.1...