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.
Based on Bloomberg reporting , Chinese snack retailer Busy Ming Group Co surged as much as 88% in its Hong Kong trading debut after raising HK$3.67bn (US$470m) , underscoring renewed risk appetite for China consumer and growth listings at the start of 2026. Shares jumped to HK$445 from an offer price of HK$236.60 , with retail investors subscribing nearly 1,900 times — a level that signals more than just deal-specific enthusiasm. Why This IPO Matters for Investors This debut is being read by markets as a sentiment signal for Hong Kong equities: January IPO proceeds are on track for the strongest first-month start on record Activity is being driven by AI-linked names and scalable consumer brands Retail participation has returned aggressively after years of caution Business Model: Value Consumption at Scale Busy Ming’s appeal lies in its deflation-resistant, mass-market positioning : Over...