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.
Hey guys, welcome to Underdog Investor ! Today, we’re diving into the Global Markets Week Ahead , where big news on jobs, manufacturing, and company updates will keep investors on their toes. Whether you’re curious about how the US economy is holding up, China’s latest recovery efforts, or what’s shaking in ASEAN markets, we’ve got you covered. Let’s break it down! Key Takeaways: US Jobs Report : A key factor in shaping the Fed’s next move on interest rates. China’s PMI Data : A crucial read on how China’s economy is responding to stimulus efforts. ASEAN Updates : Manufacturing, inflation, and retail data will offer insights into the region’s resilience. Now, let’s take a closer look at what’s coming this week. United States: Jobs and the Fed in Focus The November jobs report drops this Friday, and it’s a big one. Economists expect 183,000 new jobs to be added—slightly better than October’s numbers. Why does this matter? Because the Fed watches job growth like a hawk w...