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 on Wednesday, supported by resilient global tech gains and improving investor sentiment , even as geopolitical tensions and oil price volatility continue to cloud the macro outlook. Market Holds Steady Amid Global Uncertainty The FTSE Straits Times Index (STI) rose 0.25% to 4,948 , with market breadth positive ( 400 gainers vs 212 decliners ), reflecting cautious optimism. This follows a steady session on Wall Street, where: Nasdaq gained 0.5% , supported by tech names S&P 500 rose 0.3% Dow Jones edged up 0.1% Despite ongoing tensions in the Middle East and risks to oil supply via the Strait of Hormuz , markets appear to be looking through near-term geopolitical noise . Singapore Backs Global Trade and Digital Economy Rules Singapore joined a 10-nation coalition under the Future of Investment and Trade (FIT) Partnership , aiming to strengthen WTO frameworks on investment and e-commerce . Key initiatives include: Ma...