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 Supply tightness until 2026 : SanDisk expects the NAND flash market to remain undersupplied through at least 2026, driven by strong AI and cloud demand. Pricing power intact : Company raised prices by 10% across all channels in September, with more hikes possible. Next-gen upgrades : Rapid transition to BICS 8 NAND (40–50% output by year-end) and co-development of High Bandwidth Flash (HBF) with SK hynix. Industry-wide upcycle : Peers Micron (MU), Western Digital (WDC), and Seagate (STX) also benefit from AI-led storage demand. Market Tightness to Persist SanDisk CEO David Goeckeler said hyperscale data centers shifting from AI training to inference workloads are consuming NAND at record pace. With limited new capacity coming online, undersupply could extend well into 2026. Strong Pricing Momentum SanDisk raised 10% prices on new orders after Sept 5, citing broad-based demand from AI, cloud, and mobile. CFO ...