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.
Walmart ($WMT) has outpaced the S&P 500 over the past 12 months, rising an impressive 37.1% versus the index’s 16.1% . With Q2 earnings set to drop this Thursday, investors are watching closely — not just the fundamentals, but also the chart signals flashing both bullish and bearish cues. Earnings Preview: Solid Expectations Walmart’s Q2 earnings report will be released before the bell on Thursday , with analysts anticipating: EPS (adj.) : $0.74 Revenue : $174.2 billion YoY EPS Growth : +10.4% YoY Revenue Growth : +3% Of the 33 analysts covering WMT, 24 revised earnings estimates upward this quarter, suggesting growing confidence in the retailer’s operational momentum. Fundamental Edge: A Retail Mainstay Walmart continues to serve as a go-to destination for everyday American needs — a reliable indicator of consumer trust. Its wide reach, affordability, and broad product offering keep it resilient in economic uncertainty. The que...