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.
Malaysia's inflation rate decreased to 1.8% in November 2024 , marking the first decline since August 2021. The Consumer Price Index (CPI) stood at 133.3 , compared to 130.9 in November 2023, according to the Department of Statistics Malaysia (DOSM) . Key Highlights Inflation by Categories Health : Increased by 1.2% . Transport : Slowed to 0.4% . Food & Beverages : Rose 2.6% (October: 2.3% ). Housing, Water, Electricity, Gas & Other Fuels : Grew 3.2% (October: 3.1% ). Information & Communication : Declined to -3.9% (October: -1.7% ), primarily due to a -4.4% drop in the subgroup of Information & Communication Services. Clothing & Footwear : Remained in negative territory at -0.3% . Other sectors like Personal Care & Miscellaneous Goods ( 3.4% ) and Restaurant & Accommodation Services ( 2.8% ) maintained their pr...