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.
Singapore’s non-oil domestic exports (NODX) posted a surprise rebound in September, rising 6.9% year-on-year after two straight months of contraction, even as looming U.S. tariffs threaten key sectors of the economy. The figure sharply beat economists’ expectations of a 2.0% decline and reversed from August’s 11.5% drop , according to Enterprise Singapore on Friday. Electronics Lead the Recovery Shipments of electronics — a cornerstone of Singapore’s manufacturing and export base — surged 30.4% year-on-year , following a 6.5% fall in August. Non-electronics exports rose 0.4% , rebounding from a 13.3% contraction in the previous month. Key contributors included non-monetary gold and specialized machinery , which climbed 82.7% and 14.1% respectively. Mixed Performance Across Key Markets Exports to Hong Kong, Taiwan, and China increased in September, while shipments to the U.S., EU, ...