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.
The Malaysian government is set to release a comprehensive study on the impact of artificial intelligence (AI) on the job market , focusing on 10 strategic sectors , according to Human Resources Minister Steven Sim Chee Keong . The report, conducted by the ministry, aims to shape the evolution of roles and skills in the country’s workforce over the next three to five years. The targeted sectors include information and communications technology (ICT) , global business services , aerospace , food manufacturing and services , wholesale trade and retail , electronics and engineering , and pharmaceutical manufacturing . Additionally, the study will address the impact of AI on industries such as medical devices , energy , chemical , power , marine and offshore , tourism , and hotels and accommodation . Minister Sim emphasized that this study will be a crucial tool for understanding how AI can improve these sectors. He also highlighted that the report will examine AI's potential to create...