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.
In 2025, U.S. investors aren't just buying earnings — they’re buying dreams . From AI to autonomous driving to next-gen healthcare, stocks with compelling narratives — but little to no profits — are exploding . The rally is fueled by retail enthusiasm, social media buzz, and a fear of missing out on “the next Nvidia.” But as history shows, markets that run on momentum and dreams can turn into nightmares when sentiment shifts. Top Performers, Thin Profits Among the top 10 gainers in the Russell 3000 index this year, most aren’t profitable . Aeva Technologies (AEVA) is up 500%+ , despite reporting four straight quarters of losses . OptimizeRx (OPRX) tripled in value this year — but has only been profitable in one of the past four quarters. Fact: 45 of the top 50 stocks by YTD gains in the Russell 3000 posted at least one quarterly loss in the past year (FactSet). “A good story and a bit of price momentum h...