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.
What to Expect from Sea’s Performance on March 4 Sea Limited (SE) is set to announce Q4 2024 financial results before the market opens on March 4 (ET). Analysts expect revenue of $464 million , reflecting a 28.42% YoY increase , and earnings per share (EPS) of $0.435 . Sea’s stock has surged nearly 20% YTD, following a 160% gain last year . Shopee: E-Commerce Growth & Market Expansion Shopee remains a key growth driver , benefiting from: Expanding market leadership amid potential slowdown in social commerce in ASEAN . Investment in logistics to sustain long-term growth. Continued investment in Brazil to strengthen market presence. J.P. Morgan expects Shopee to leverage network effects for sustained growth and has raised its FY26E GMV forecast by 4%. However, intensifying competition from regional and global players could impact short-term performance. SeaMoney: Digital Finance Expan...