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.
GKE Corporation reported a 105.6% year-on-year (y-o-y) jump in net profit to $8.85 million for the full year ended May 31, 2025. Key Financial Highlights: 2HFY2025 earnings: $4.44 million (+84.5% y-o-y) Full-year EPS: 1.15 cents; 2H EPS: 0.58 cents Final dividend: 0.35 cents per share; full-year payout: 0.4 cents Revenue: $126.5 million (+14.4% y-o-y); 2HFY2025: $63.4 million (+15.1% y-o-y) Gross profit: $36.4 million (+12.1% y-o-y) Gross margin: 28.8% (vs. 29.4% in FY2024) Drivers of Growth: Higher income across all segments: container trucking, freight forwarding, marine logistics, warehousing. Strong warehousing occupancy rates and increased sales of ready-mix concrete (RMC) . Initial contribution from new retail and distribution business in telecommunications . Profit Boosters: $1.1 million net gain from disposal of intangible assets. $3.2 million improvement in allowance for expected credit lo...