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.
Key Takeaway AppLovin (APP), Robinhood (HOOD), and Emcor (EME) will join the S&P 500 on Sept. 22 , replacing MarketAxess, Caesars Entertainment, and Enphase Energy. Their inclusion underscores shifting sector weightings and signals strong investor momentum, especially for fintech and tech platforms. The New Entrants AppLovin (APP) Market Cap: $169B (largest U.S. company not already in the S&P 500) Focus: Mobile marketing & app monetization Stock Reaction: +6.3% after-hours to $521.01 Robinhood (HOOD) Market Cap: $91B Focus: Zero-commission retail trading, democratizing finance Stock Reaction: +6.4% after-hours to $107.75 CFO Jason Warnick: “We remain focused on our mission to democratize finance for all.” Emcor (EME) Market Cap: $28B Focus: Mechanical & electrical construction services Stock Reaction: +2.2% after-hours to $639 Moving up from the S&P MidCap 400 Who’s Out MarketAxess (MKTX) , Caesars Entertainment (...