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 latest version of President Trump’s sweeping tax-and-spend bill has landed — and while it spares no controversy, it’s creating a new investing landscape with distinct sector implications. For equity analysts and portfolio managers, the revised legislation introduces both tailwinds and headwinds that could reprice entire industries. Winners: Position for Upside Fossil Fuels Traditional energy stocks stand to benefit significantly. Subsidies for carbon capture and relaxed royalty terms boost profitability for oil and gas firms. Watch for upside in exploration and production (E&P) players and energy infrastructure names. Semiconductor & Tech Hardware U.S. chipmakers get a lift via an expanded 35% tax credit for new domestic fabs. This could accelerate capex from Intel, Micron, and others as Washington intensifies its onshoring push. Manufacturers & Real Estate Developers Full factory expensing through 2031 and bonus depreciation for commercial properties reinforce domestic...