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.
What is Swift code? Swift code is known as ISO 9362 and is a standard format of Bank Identifier Codes approved by the International Organization for Standardization (ISO). It is the unique identification code of a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. The Swift code needs to be filled in a form whenever a person want to do International transfer, like wiring money from the United States to Malaysia. Other activities that requires the Swift code is withdrawing money from Paypal to Malaysia in local currency. Below are the Swift code for most banks in Malaysia. Malaysian Bank Swift Code Affin Bank Berhad = PHBMMYKL Alliance Bank Malaysia Berhad = MFBBMYKL Ambank Berhad = ARBKMYKL Bank Islam Malaysia Berhad = BIMBMYKL Bank Kerjasama Rakyat Berhad = BKRMMYK1 Bank Muamalat Berhad = BMMBMYKL Ba...