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.
Singapore equities traded mixed on Wednesday as investors weighed global macro uncertainty ahead of the U.S. Federal Reserve’s policy decision. Straits Times Index Movers The FTSE Straits Times Index (STI) saw modest moves, with HongkongLand USD (H78.SG) leading gainers, rising 1.5% to S$6.76 . Other notable advancers included SATS (S58.SG) +0.91% , ST Engineering (S63.SG) +0.48% , SGX (S68.SG) +0.47% , and Seatrium Ltd (5E2.SG) +0.43% . On the downside, JMH USD (J36.SG) was the top loser, sliding 1.84% to S$59.69 . Declines were also seen in DFIRG USD (D01.SG) -1.19% , ThaiBev (Y92.SG) -1.06% , Wilmar Intl (F34.SG) -1.02% , and Sembcorp Ind (U96.SG) -0.98% . Top-Traded Counters Banking heavyweights dominated turnover, with UOB (U11.SG) leading activity at S$147.56M , slipping 0.85% to S$34.82 . DBS (D05.SG) followed with S$138.26M turnover , easing...