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.
Copper prices have skyrocketed to historic highs in 2025, fueled by rising tensions over potential U.S. tariffs and a tightening global supply-demand balance. Investors are eyeing ways to capitalize on these fluctuations, especially as copper remains a crucial metal for industries such as electric vehicles (EVs) and renewable energy. Here’s a breakdown of why copper prices are climbing, what could drive them even higher, and how you can seize opportunities in this market. What’s Behind the Surge in Copper Prices? Trump’s Tariff Threats Concerns are mounting that the U.S. may impose a 25% tariff on imported copper, driving supply chain issues and boosting demand as businesses stockpile the metal. Citibank’s research shows that U.S. demand for copper imports has surged, while LME copper inventories have plummeted due to increased premiums. Global Copper Supply and Demand Imbalance Short-term supply chain vulnerabilities are becoming more pronounced as political instability in the Congo a...