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.
Donald Trump’s first presidency saw remarkable gains for the S&P 500 , which surged 67.82% over four years , fueled by policies favoring growth and deregulation. As Trump prepares to return to office in January 2025 , market analysts are closely watching for his policy impact on equities. Key Highlights of Trump’s First Term Pre-Inauguration Gains : S&P 500 rose 6.56% between Election Day (Nov 8, 2016) and Trump’s inauguration (Jan 20, 2017). Post-Inauguration Performance : 6 months in: +9.27% . 1 year in: +24.15% . By the end of his term: +67.82% . Second Term: Initial Market Reactions and Key Developments 1. Post-Election Gains S&P 500 is up 6% since Election Day 2024 , maintaining an upward trend. 2. Federal Reserve’s Hawkish Stance The Fed cut rates by 25 basis points this week but emphasized caution in future rate cuts. Impact : Dow Jones fell 1,100 points (-2.95%). S&P 5...