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.
In a surprisingly civil vice presidential debate held on Tuesday, Democratic nominee Minnesota Governor Tim Walz and Republican nominee US Senator JD Vance clashed over key policy issues while largely maintaining a cordial demeanor. This debate comes amid an increasingly contentious election campaign marked by inflammatory rhetoric and two assassination attempts. Despite their history of sharp attacks on each other during the campaign, the two rivals reserved their criticisms for their respective running mates: Democratic Vice President Kamala Harris and former Republican President Donald Trump . The most intense moment of the debate occurred towards the end, when Vance, who previously stated he would not have voted to certify the results of the 2020 election, avoided addressing whether he would challenge this year's vote if Trump were to lose. In response, Walz pointed out that Trump’s false claims of voter fraud incited the January 6, 2021, attack on the Capitol. “He is still ...