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.
Markets love a good signal—and this one just made headlines. The S&P 500 has officially triggered a “golden cross” for the first time since February 2023, setting a bullish tone for the second half of 2025. While casual traders may shrug off technical patterns, history says this one is worth paying attention to. Golden crosses—where the 50-day moving average crosses above the 200-day moving average —are rare, and they tend to mark the start of sustained bull runs. The timing? Not accidental. After a record-setting comeback from the post-tariff lows in April, this golden cross confirms what momentum traders have sensed for weeks: the bulls are back in charge . What’s a Golden Cross—And Why Should You Care? In market speak, a golden cross isn’t just pretty—it’s powerful. The pattern is widely seen as a signal of strength and trend reversal , particularly when backed by strong breadth and participation, as we’re seeing now. This wee...