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.
From Mass Market Leader to Luxury Challenger BYD Co. , the world’s largest EV maker by volume, is taking bold steps to shed its image as a utilitarian, mass-market brand . While its vehicles dominate China’s taxi and ride-hailing fleets — inspiring the quip that BYD stands for “Be Your Driver” — the Shenzhen-based automaker is now positioning itself in the premium and ultra-luxury EV segment , with models priced over US$200,000 . The latest push: a RMB 5 billion (US$700m) investment into all-terrain automotive circuits , where consumers can test-drive both volume models and BYD’s Yangwang luxury lineup under extreme driving conditions. Experiential Selling – Track as a Showroom The first facility, opened in Zhengzhou , allows the public to pay 599 yuan (~US$82) for an hour of driving experiences ranging from slalom and emergency swerve drills to high-speed straights. Premium packages offer access to the ...