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 international reserves dipped slightly to US$118.1 billion as of Dec 13, 2024 , down from US$118.3 billion two weeks earlier, according to a statement by Bank Negara Malaysia (BNM) on Friday. Key Highlights Reserves Position The reserves are sufficient to: Finance 4.6 months of imports of goods and services. Cover 0.9 times the country’s short-term external debt . Breakdown of Reserves Foreign Currency Reserves : Declined slightly to US$105.1 billion (Nov 29: US$105.4 billion ). Special Drawing Rights (SDRs) : Increased to US$6 billion (Nov 29: US$5.9 billion ). International Monetary Fund (IMF) Reserves Position : Remained unchanged at US$1.3 billion . Gold : Steady at US$3.3 billion . Other Reserve Assets : Unchanged at US$2.4 billion . BNM’s Total Assets and Currency in Circulation Total Assets : Rose to RM597.36 billion (Nov 29: RM595.7...