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.
Growth Overview : Malaysia's capital market saw a 9.7% growth in 2024, reaching RM4.2 trillion from RM3.8 trillion in 2023. This growth was driven by: Strong local buying interest A series of initial public offerings (IPOs) Growth in the bond and sukuk market Bursa Malaysia Performance : Market capitalisation of Bursa Malaysia rose to RM2.1 trillion in 2024, up from RM1.8 trillion in 2023. The market capitalisation of FTSE Bursa Malaysia KLCI components grew to RM1.2 trillion from RM1.0 trillion in the previous year. Fund Management Growth : Total assets under management (AUM) reached a record RM1.1 trillion , up from RM975.5 billion in 2023. The unit trust segment remains the largest source of funds, accounting for 51.1% of total AUM. Capital Raised : Total funds raised in the capital market increased to RM1...