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.
Malaysia is set to enhance its cooperation with Kyrgyzstan, focusing on the halal industry, tourism, and educational development , according to Malaysian Ambassador Ilham Tuah Illias. During an interview with Kabar news agency, Ambassador Ilham Tuah Illias outlined plans to further deepen bilateral ties between Malaysia and Kyrgyzstan . A key point of discussion was expanding trade cooperation and educational exchanges . The possibility of establishing a branch of the University of Malaya in Kyrgyzstan was considered, potentially offering Kyrgyz students opportunities to learn and improve their English language skills. In the realm of tourism, Ambassador Ilham Tuah highlighted Malaysia’s interest in attracting more tourists from Kyrgyzstan. Given Kyrgyzstan’s landlocked status and Central Asian affinity for beaches, Malaysia could be an appealing destination. Additionally, plans are underway for Malaysia Airlines to introduce direct flights between the two countries, further facilita...