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.
Key Takeaways: International Ambitions Take Flight Alaska Airlines is set to expand globally with first-ever flights from Seattle to Asia in 2025 , targeting up to 12 new overseas routes to Asia and Europe within five years. CEO Ben Minicucci declared, “We’re going to connect the West Coast to the world.” Capitalizing on the Hawaiian Airlines Acquisition Alaska’s $1.9 billion acquisition of Hawaiian Airlines’ parent company has created opportunities for transpacific routes, starting with Tokyo (May 2025) and Seoul (October 2025) . Other destinations include Auckland, Sydney, Samoa, and Tahiti , leveraging Hawaiian’s existing network. Strategic Financial Projections The merger is projected to deliver $300 million in revenue gains and $200 million in cost savings , boosting incremental profit growth to over $1 billion by 2027 . Adjusted earnings for this quarter are expected to range from...