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.
AirAsia X Bhd recorded a 41% surge in passenger numbers in 2024 , carrying over 4 million travelers , while seat capacity grew 35% year-on-year (y-o-y) to 4.8 million . The airline’s passenger load factor (PLF) improved to 83% , reflecting strong demand for travel . 📈 Strong Growth in Passenger Traffic & Capacity 🔹 Total passengers in 2024: 4 million (+41% y-o-y) 🔹 Total flights: 13,262 (+35% y-o-y) 🔹 Available seat per kilometre (ASK) capacity: 20.37 billion (+31% y-o-y) 📌 4Q2024 Performance: Passengers carried: 1.1 million (+20% y-o-y) Seat capacity: 1.3 million seats (+20% y-o-y) PLF: 82% (unchanged y-o-y) ASK capacity: 5.79 billion (+21% y-o-y) Revenue seat per kilometre (RPK): 4.71 billion (+23% y-o-y) 💬 AirAsia X: "Demand for travel remains robust, supporting continuous growth in our network expansion." ✈️ Ex...