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.
As the cryptocurrency market navigates the impact of inflation data and shifting Federal Reserve expectations, altcoins are emerging as standout performers. Here's what you need to know about the current market trends and top gainers. Cryptocurrency Market Snapshot (as of 7:30 p.m. ET): Bitcoin (BTC) : Dropped 0.59% to $100,315.71 , after briefly hitting $102,250 earlier in the day before a sharp sell-off. Ethereum (ETH) : Climbed 1.89% to $3,900.97 , maintaining upward momentum. Dogecoin (DOGE) : Slid 0.80% to $0.4088 . What Happened: Bitcoin's early surge followed President-elect Donald Trump’s positive remarks about cryptocurrencies, but profit-taking reversed the gains. Ethereum showed resilience, hitting an intraday high of $3,986 before settling lower. Liquidations in the cryptocurrency market exceeded $318 million in the past 24 hours, with $20...