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.
The Case for Sterling Bonds With UK equities near record highs but lacking momentum, investors might consider a less stressful alternative: investment-grade sterling corporate bonds . While UK stocks attract private equity attention, broader performance lags global peers — only 16% growth since 2020 versus the S&P 500’s near double . Why Bonds Make Sense Now Yields on 10-year UK gilts sit at 4.5% , among the highest in developed markets. Sterling corporate bonds offer 130bps premium over gilts — more than euro equivalents. Recent deals, like ABP’s £300 million bond at 5.875% , were 5x oversubscribed. Macro Considerations Sterling strength has been supported by a weak dollar but may reverse if BOE rate cuts accelerate . UK equities are stock-picking territory , with little broad index upside due to economic slack. MoneyMaster Take — Key Insights: Sterling corporate bonds provide better risk-adjusted returns vs. UK stocks. FT...