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.
Two telco giants—TIME dotCom and Maxis—may reward investors with special dividends in FY2025 , driven by lower capital expenditure needs and a more disciplined approach to balance sheet optimisation. Key Highlights 1. Dividend Prospects Brighten for TIME and Maxis TIME dotCom (KL: TIMECOM) and Maxis (KL: MAXIS) are expected to maintain or improve their dividend profiles in FY2025. Lower capex intensity and a renewed focus on capital efficiency are paving the way for potential special dividend distributions . Neutral sector rating but views fixed-line operators like TIME dotCom more favorably, as they are insulated from the near-term volatility tied to mobile 5G network policy shifts. 2. 5G Dual Network Transition: A Sector Overhang The eventual alignment of mobile network operators (MNOs) to either Digital Nasional Berhad (DNB) or the upcoming Second Network (NW2) will heavily influence: Future earnings Capital expenditure trajectori...