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.
KUALA LUMPUR (Feb 29): Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended higher on Thursday in tandem with the upbeat performance in most regional markets and ahead of the US personal consumption expenditure (PCE) data due out later in the night. At 5pm, the KLCI added 5.85 points to close at 1,551.44 from Wednesday’s close of 1,545.59. The benchmark index opened 2.03 points better at 1,547.62 and moved between 1,544.67 and 1,554.79 throughout the session. However, in the broader market, losers outpaced gainers 679 to 370, while 431 counters were unchanged, 810 untraded and 43 others suspended. Turnover expanded to 5.34 billion units worth RM7.01 billion versus Wednesday's 4.78 billion units worth RM3.3 billion. Head of wealth research & advisory, designated portfolio manager at UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan said Malaysian equities experienced a surge, mirroring the positive trend in most regional stock markets. "Although th...