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.
Hackers targeted several Taiwanese financial platforms, including the Taiwan Stock Exchange and Mega Financial Holding Co, in a coordinated cyberattack on Thursday. The attack, which briefly disrupted the websites of these entities, was described by local media as an attack by foreign agents. The attackers employed a distributed denial of service (DDoS) attack, which overwhelmed the targeted websites with web traffic, causing unstable connections. According to the Ministry of Digital Affairs, the Taiwan Stock Exchange detected unusually high web query volumes originating from overseas internet-protocol addresses. The exchange managed to restore normal operations within a half-hour of the attack. Local media outlet Liberty Times reported that a Russian group claimed responsibility for the attack on Telegram, citing an analysis by cybersecurity researchers at Radware. However, the Ministry of Digital Affairs did not confirm the origins of the assault and maintained that it will continue ...