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.
Apple Inc. CEO Tim Cook has scheduled a trip to India to open the iPhone maker's first stores next week, highlighting the company's ambitions for the nation as a growing market and manufacturing base. Cook is expected to preside over the opening of the twin restaurants in India's financial and political capital, according to people familiar with the situation who requested anonymity to disclose private arrangements. Apple said Tuesday that a store will open in Mumbai on 18 April and another in New Delhi on 20 April. The trip comes seven years after the CEO's first visit in 2016, and it coincides with the world's most valuable firm surpassing significant milestones: India iPhone sales have reached an all-time high, and yearly iPhone exports from the nation have reached billions of dollars. In the midst of tight relations between Beijing and Washington, Apple is banking on India to expand its assembly operations beyond China. Cook plans to open Apple's first Ind...