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 Takeaway Keppel DC Reit will acquire Keppel’s remaining stake in two hyperscale data centres in Singapore for S$8.4M , strengthening its portfolio amid surging AI-driven demand for computing infrastructure. Deal Details Acquirer : Keppel DC Reit (AJBU.SG) Seller : Keppel (BN4.SG) Asset : Remaining stake in Memphis 1 entity (manages two AI-ready hyperscale data centres) Deal Value : Up to S$8.4M Impact : Grants Keppel DC Reit full ownership of the facilities Industry Context AI Boom : Hyperscale and gigawatt-scale facilities increasingly needed to handle AI workloads. AI queries consume ~10x more power than a standard Google search. Singapore Advantage : Strategic hub with 26 subsea cables and 3 landing stations. Positioned for low-latency, mission-critical applications (finance, AI inference). Over S$10B expected investment into subsea cable infrastructure in next decade. Market Snapshot (Sept 4, 09:03) STI : 4,298.42 (+0.21%) Advancers/Decliners ...