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.
MicroStrategy (MSTR) is making headlines again — not for software, but for buying even more Bitcoin . On Monday, the company confirmed it resumed BTC purchases , pushing its total holdings past 600,000 BTC — now worth over $73 billion at current prices. MicroStrategy: Doubling Down on Bitcoin Bought 4,225 BTC last week for $472.5M → avg. price $111,827 per BTC Current BTC holdings: 601,550 BTC , acquired for $42.87B (avg. cost $71,268) Market value now: $73.21B Funded by selling: 797,000 common shares 1.18M preferred shares (July 7–13) Stock jumped +3.78% to $451.02 (near 8-month high) Why it matters: The company continues treating Bitcoin as a strategic treasury asset — a high-risk, high-reward move. With BTC pushing above $120,000 , investors are rewarding the bold bet. Crypto-Linked Stocks Rally Too Bitcoin is up +11.1% in a week,...