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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 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.
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the $600billion challenge

If you have heard about it, then you will probably know that the $600 billion challenge is an attempt to change the world. That is the challenge and campaign kick off by one of the most influential person on Earth in the technology era, Bill Gates. Bill Gates, Melinda Gates and Warren Buffet are asking the billionaires in the country to give away at least half of their net worth for charity, whether while they are alive or at their death. Through this, I also learn about the term philantrophy, which is an effort to change and increase the well being of mankind. I think the effort made by the trio are worth mentioning in this blog because even though money is important for usage, we must learn the need to share with those in need. Hopefully, this will help to inspire more of us to see beyond our own environment and look into the lives of others.
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