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.
WAHID: 1MDB issues to be resolved in 2 months 1MDB issues will be resolved in 2 months Minister in the Prime Minister's Department, Datuk Seri Abdul Wahid Omar said in an interview with TV3 last Wednesday, "Prime Minister (Datuk Seri Najib Razak) issued a statement before this, saying that the issues related to 1MDB will be resolved in six months, meaning by end of this year." This means that in another 2 months, 1MDB issues will be resolved. AMPANG PARK TO MAKE WAY FOR MRT STATION Ampang Park in the 70s and now The oldest shopping centres in Kuala Lumpur, Ampang Park Shopping Centre will soon be demolished to make way for the MRT station. The land on which the shopping centre stands is in the process of being acquired by the government under the Land Acquisition Act 1960 for the purpose of constructing the MRT Sungai Buloh-Serdang-Putrajaya Line. The mall was the brainchild of the Low brothers, following their successful development of People's...