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.
Pos Malaysia Bhd has introduced fuel surcharges on domestic and international deliveries , reflecting rising logistics costs driven by surging global fuel prices amid escalating Middle East tensions. Fuel Surcharges Introduced Across Services Effective March 18, 2026 , Pos Malaysia will apply: 15% surcharge on domestic shipments 40% surcharge on international deliveries These charges are applied on top of base shipping prices and are subject to sales and service tax (SST) . The domestic surcharge covers routes between Peninsular Malaysia and East Malaysia , including Sabah and Sarawak, while international surcharges apply across all global destinations and services . Broad Impact Across Delivery Products The surcharge affects key services such as: Pos Laju and MyDistribution (domestic) Redly Express, EMS, Air Parcel, and Flexipack International However, postcards and international letters are exempt , offering some relief for basic m...