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.
Gamuda Bhd’s share price slid to a five-month low on Thursday morning after the company reported a muted first-quarter performance for FY2026. Shares Down Nearly 6% As of 10:19am: The stock fell 30 sen (-5.9%) to RM4.83 Market value stood at RM28.5 billion Trading volume hit 15.57 million shares Earnings: Profit Up, Revenue Down Gamuda posted a 5% increase in net profit for the quarter ended Oct 31, 2025: Net profit: RM215.13 million (vs RM205.39 million a year earlier) Revenue: RM3.84 billion (down from RM4.14 billion, -7.2%) The profit growth was driven mainly by: Stronger domestic construction contributions Property development gains in Vietnam Dividend Maintained The group declared an interim dividend of 5 sen per share , unchanged from the same period last year.