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.
US equity futures climbed as investors shrugged off the federal government shutdown and priced in stronger odds of further Fed rate cuts. Meanwhile, gold surged past the $3,900 mark to a new record high, supported by safe-haven demand and expectations of easing monetary policy. Market Overview Index Last Change E-mini S&P 500 (Dec) 6,789.75 +0.38% Nasdaq 100 Futures (Dec) – +0.62% Dow Futures (Dec) – +83 pts (+0.18%) Both the S&P 500 and Nasdaq have advanced in four of the past five weeks, reflecting investor confidence despite policy uncertainty from Washington. Key Highlights AMD Surges on Multi-Billion Dollar OpenAI Partnership $AMD (AMD.US)$ rallied 35% after OpenAI agreed to deploy up to 6GW of AMD Instinct GPUs , starting 2026. The partnership includes a warrant for up to 160 million shares , potentially giving OpenAI a 10% stake in AMD . The deal highlights AMD’s rising competitiveness in the AI infra...