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 Takeaways Matt Shapiro of MWS Capital bought Netflix, Alphabet, and Nvidia at distressed prices earlier this year. He is now eyeing opportunities in Microsoft, Apple, Berkshire Hathaway, Deere, Chevron, Boeing , and European luxury names. Shapiro is also adding long-dated Treasurys, TIPS , and sees crypto as an eventual must-own on pullbacks. Matt Shapiro, a Chicago-based money manager overseeing US$183 million at MWS Capital , is preparing for market pullbacks even as he remains bullish on “super companies” fueling S&P 500 profit growth. Earlier this year, Shapiro capitalized on what he called the first chance since 2022 to buy top-tier tech at bargain prices: Netflix under $1,000, Alphabet at $165, and Nvidia at $100 . Those bets have since paid off, with Netflix closing at $1,200, Alphabet at $251, and Nvidia at $175 on Tuesday. Looking Ahead: Diversification Beyond Tech Shapiro told MarketWatch he is adding to Microsoft and Apple , while ...