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.
U.S. IPO Market Reignites After Three-Year Lull, Fueled by AI, Crypto, and Policy Clarity The U.S. IPO market is roaring back in 2025 after nearly three years of subdued activity, with 59 companies raising US$15.02 billion in Q2 , up from 45 listings raising US$11.23 billion in Q1, according to S&P Global Market Intelligence. The rebound is driven by the nearing end of the high-interest-rate cycle, surging AI adoption, clearer stablecoin regulations, and fading investor fatigue over tariffs — all setting the stage for a new wave of high-growth listings. Four Standout IPOs of 2025 1. Circle (CRCL.US) – Crypto Meets Wall Street As the issuer of USDC, the world’s second-largest stablecoin, Circle became the first U.S.-listed company built around stablecoin operations. Shares surged +168% on debut and are now +422% , marking a milestone for crypto’s integration into mainstream finance. 2. CoreWeave (CRWV.US) – From Crypto Mining to ...