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 Robinhood Markets (HOOD.US) is set to replace Caesars Entertainment in the S&P 500 on Sept 22. The move marks a watershed moment for fintech , cementing Robinhood’s transformation from a pandemic-era trading disruptor into one of the most influential players in U.S. financial markets. What Happened S&P Dow Jones Indices announced that Robinhood will officially join the benchmark before market open on Sept 22. Other additions include AppLovin (APP.US) and Emcor (EME.US) , replacing MarketAxess (MKTX.US) and Enphase Energy (ENPH.US). Shares of Robinhood surged 7.3% in after-hours trading on the news. Why It Matters Index Funds Boost: Inclusion forces passive funds and ETFs tracking the S&P 500 to buy Robinhood shares, creating immediate demand. Credibility Upgrade: Joining the S&P 500 signals financial stability and could draw more institutional investor interest . Fintech Validation: ...