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.
As recession fears grow from Trump’s tariff war, Cathie Wood, CEO of ARK Invest , urges investors to look beyond short-term pain and focus on disruptive innovators poised to lead in recovery. Why Innovation Wins in a Downturn: “When businesses and consumers are scared, they change the way they operate,” said Wood. That opens doors for companies that help others do things better, cheaper, faster, and smarter — especially with AI and automation leading the way . Top Cathie Wood Picks for a Recession Playbook: Palantir (PLTR) +19.00% AI-powered data analytics for governments and corporations Key asset as firms seek efficiency through AI transformation “Palantir will be a major beneficiary as the C-suite scrambles to get AI-ready.” Tesla (TSLA) +22.69% Down 28% YTD before rebounding sharply Launching $30K EV model , reviving affordability in car buying Robotaxi vision = cheaper Uber-like rides without human ...