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.
Singapore is buzzing with business activity! The island nation has emerged as a prime destination for major investments, thanks to its stable economy and political environment. What's Happening? Big Investments: A consortium led by KKR & Co and SingTel is injecting a massive S$1.75 billion into ST Telemedia Global Data Centres. Allianz, a leading European insurance company, is considering a partnership with Income Insurance. Meanwhile, Hillhouse Investment is looking to acquire Dulwich College International’s schools. Why Singapore? Ideal Investment Destination: Singapore is now seen as the top spot in Southeast Asia for significant deals. According to Martin Siah from Bank of America, confidence in Singapore has surged compared to the past few years. Impressive Financial Activity: From April to now, deals involving Singaporean companies have reached a whopping US$23.8 billion, doubling the amount from the same period last year. Stable and Safe: Singapore’s robust regulator...