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.
Quick Summary Zetrix AI raised ~US$40 million from IFC Funds to expand digital infrastructure across Southeast Asia AI unit “AI Foundation Lab” targeting Nasdaq listing by end-2026 Focus on digital ID, blockchain and AI-powered public systems Funding Boost From World Bank Arm Malaysia-listed Zetrix AI Bhd has secured approximately US$40 million in equity funding from the International Finance Corp (IFC) . The investment aims to: Expand digital public infrastructure (DPI) Support emerging markets in Southeast Asia and beyond Strengthen AI-driven service delivery Nasdaq Listing in the Pipeline Zetrix is preparing to spin off and list its AI-focused subsidiary, AI Foundation Lab , on Nasdaq by the end of 2026. According to group managing director TS Wong: The company is actively working toward the listing Target completion: year-end 2026 Key move: Positioning a Malaysian AI unit directly on US capital markets. St...