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.
A Cleanroom Specialist Powering High-Value Manufacturing iCents Group Holdings is a leading provider of ISO 4-certified cleanroom solutions , serving high-growth, high-value sectors such as semiconductors, electronics (84% of revenue) , pharmaceuticals, and data centres (DCs) . With an unbilled orderbook of RM93.2mn , the company offers solid earnings visibility and growth traction. End-to-end expertise from design to MEP, fixtures and fit-outs – all under one roof Trusted by MNC clients with a solid execution track record Strong industry tailwinds: RM55.8bn E&E investments in 2024, 8.3% YoY growth in electronics sales Capitalising on the Data Centre Boom iCents made its DC debut in 2023, and it's quickly scaling up. DC-related tenders now make up 80% of its RM600mn pipeline , with a success rate of 20–25% . FY24 saw 8.7% of revenue from DC projects, and Malaysia is projected to 7x its DC rack capaci...