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.
European markets opened lower Thursday as investors locked in profits from recent record highs and weighed growing geopolitical risks, while gold prices held steady above US$4,000 amid continued safe-haven demand. Market Overview STOXX 600 : -0.3% at 0903 GMT FTSE 100 : -0.3%, dragged by HSBC and Lloyds , offset by mining and tech gains MSCI World Index : Flat Investor sentiment turned cautious after Wall Street and Asian markets hit record highs on AI optimism. The ongoing U.S. government shutdown , political uncertainty in France and Japan , and warnings from global bankers added to the risk-off tone. “The mood is fragile — we’re not getting much substance to market moves because U.S. data is missing,” said Fiona Cincotta, senior analyst at City Index. Gold and Currencies Gold : Steady at US$4,041.29/oz , supported by safe-haven flows and a weaker dollar. Dollar Index : +0.1% at 99.97 , still down nearly 9% YTD. Euro : ...