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: The Malaysia Halal Pavilion on JD.com provides a powerful platform for Malaysian MSMEs to tap into China’s growing demand for halal products, offering opportunities across diverse sectors. Highlights of the Initiative Direct Access to Chinese Consumers: Malaysian halal MSMEs can now connect directly with over one billion users on JD.com, one of China’s largest e-commerce platforms. Expanding Product Categories: The Pavilion markets halal food , cosmetics , skincare , and other products, with plans to include packaging materials, electrical goods , and more. Sales Projections: HYT Cross Border Sdn Bhd aims to market 380-400 products on the platform, targeting an estimated RM5 million in sales within the first year . Market Potential Top Performance: Malaysian products rank in the top five in sales on JD.com, reflecting their strong appeal and potential in the Chinese market. High Demand: Growing interest in halal products in China, supported by Malaysia’s reputatio...