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 equities opened firmer as a rebound in US technology stocks and easing risk sentiment supported regional markets, while investors focused on potential value-unlocking moves in the banking sector . Market Snapshot The Straits Times Index (STI) rose 0.18% to 4,972.54 , with advancers outpacing decliners (75 vs 41) in early trade, reflecting cautious optimism. Wall Street Recovery Driven by Tech US markets stabilised after last week’s selloff, led by a sharp rebound in semiconductor and tech names: Nasdaq +0.9% , S&P 500 +0.3% , while Dow -0.2% Intel surged 11.2% Micron Technology gained 9.9% Marvell Technology rallied on index inclusion The move highlights resilient investor conviction in AI-driven growth , despite recent volatility. Singapore Labour Market Shows Caution Hiring sentiment weakened, with outlook falling to +13% for Q3 2026 , the lowest since 2021. Companies ar...