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.
Microsoft is set to release its FY2025 Q4 earnings on July 30 , and investors are watching closely to see if its Azure cloud business can sustain the momentum that drove a 7% stock jump last quarter. While analysts are optimistic, expectations are high, and the stock's recent rally has already priced in strong cloud growth. What Analysts Expect Revenue: USD 73.81 billion (+14.0% YoY) EPS: USD 3.38 (+14.5% YoY) Key Segments to Watch 1. Productivity & Business Processes Includes Office 365 , Dynamics 365, and Microsoft Teams. Growth expected to remain in the low double-digits . AI-powered Copilot could help lift average revenue per user (ARPU) for Office 365. 2. Intelligent Cloud (Azure) Guided revenue: USD 28.75–29.05 billion (+20–22% in constant currency). The focus is on Azure’s growth rate as AI demand drives cloud spending. Google’s strong cloud results hint at continued robust demand, thoug...