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.
Tempus AI Inc. (NASDAQ: TEM) continues to draw strong interest from institutional investors, with Cathie Wood’s ARK Invest adding to its position in the precision health tech company. In its latest move, ARK Investment Management purchased 150,563 shares , valued at approximately US$8.8 million . The majority were acquired through the flagship ARK Innovation ETF (ARKK) , with a smaller tranche via the ARK Genomic Revolution ETF (ARKG) — signaling continued conviction in Tempus’ AI-driven healthcare model. A separate US$1 million worth of shares was also added, highlighting ARK's sustained bullish stance. Strategic Expansion in Cancer Detection Tempus has recently expanded its collaboration with Personalis Inc. to include colorectal cancer , alongside existing work in breast , lung , and immunotherapy monitoring . This bolsters the commercialization of the NeXT Personal™ MRD (Minimal Res...