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.
Total Fund Commitments : The total committed funds in Malaysia’s private equity (PE) and venture capital (VC) sectors stood at RM24.7 billion by the end of 2024 . PE : RM18.01 billion VC : RM6.7 billion Investment Focus : PE Investments : Primarily directed at growth-stage opportunities (83.82%), with early-stage investments accounting for 16.18%. VC Investments : Focused on growth-stage (44.60%), followed by early-stage (35.98%) and startup-stage (13.44%) opportunities. Investor Breakdown : PE : Corporate investors led with 40.91%, followed by individuals and family offices (16.77%) and financial institutions (13.27%). VC : Government agencies and investment companies (35.99%), sovereign wealth funds (20.15%), and individuals and family offices (19.55%) were the top funding sources. Sector-Specific Investments : VC : The wholesale and retail trade sector attracted the highest VC investments at 13.65% , followed by ...