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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 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.

Why I Own 7 Homes in Johor Bahru — And I’m Still Buying

A Malaysian real estate investor and property agent who isn’t just  talking  about investing — he’s done it  seven times  in Johor Bahru (JB), with no plans to slow down. Here’s how he’s building his empire — and why JB remains his go-to: 9 How It Started: A Quick Jump into Property   First Buy : A move-in-ready townhouse in KL  Decided in 15 minutes — no research, just gut.   Hard Lesson : The bank valuation came in lower.  Had to fork out a bigger down payment than expected.   Takeaway : “Always check valuation and do your homework.” Why I Stick to Johor Bahru   Local Control : “I invest where I can  see and manage  my properties.”   Growth Catalyst : The RTS link is a game-changer.   JB Advantage : Affordable prices vs KL/Singapore Proximity to SG = strong cross-border rental demand Still early in the growth cycle  My Property Strategy Now   Focus on Value : Great location (easy to sell later) Airbnb-frie...