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.
Summary Shares of Roblox Corp jumped sharply after the company reported stronger-than-expected users and bookings for the fourth quarter, driven by hit games and broad-based engagement growth across its platform. What Drove the Rally Daily active users hit 144 million , beating estimates of 140.4 million User growth surged 69% year-on-year , far exceeding expectations Bookings reached US$2.22 billion , topping Wall Street forecasts of US$2.09 billion Shares soared as much as 27% in extended trading Hit Games + Broad Engagement Roblox said blockbuster titles such as Steal A Brainrot and Grow A Garden helped fuel traffic and record engagement in 2025. But the growth wasn’t just from top titles: Games outside the top 10 saw 68% growth in engagement , highlighting a healthier and more diversified ecosystem Outlook Turns More Bullish 2026 bookings guidance: up to US$8.55 billion Analyst consensus: US$8.05 billion The gui...