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.
Blackstone Inc. is intensifying its focus on expanding its international credit business, targeting significant growth in debt investments, including local-currency investments. This strategic move comes as the private credit market continues to expand rapidly, drawing both interest and scrutiny from regulators. Key Highlights Expansion Strategy : Global Focus : Gilles Dellaert, global head of credit and insurance at Blackstone, emphasized the firm's commitment to scaling its operations in Europe and Asia. Private Investment-Grade Credit : Blackstone is expanding into the private investment-grade credit sector, which represents a market opportunity of $25 trillion to $50 trillion. This includes asset-backed financing beyond corporate loans. Market Dynamics : Private Credit Market : The global private credit market, valued at $1.7 trillion, is attracting investors due to higher yields and better spreads compared to public markets. Investor Interest : Investors are increasingly pou...