BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI surged sharply on Thursday, marking its fifth consecutive session of gains driven by advances across two-thirds of the key index components.
The positive market breadth further supported the broader market with all 13 major sectors closing in the green.
As investor sentiment improved, traded volumes soared to 4.27 billion shares, up from 2.48 billion shares in the previous session, as investors took on a more aggressive stance.
As the key index continues to play catch-up with the gains on most of its regional peers in recent months, there remains potential for further upsides with the key index now strengthening its position above the 1,600 psychological level.
Amid the improving sentiments and broad sectoral strength, the outlook for the index remains favourable, signalling potential for continued upsides in the near term.
Under the current set-up, further gains could be on the cards albeit in a more measured manner given that the key index is already hovering in the overbought territory.
For now, further upsides may lift the key index towards the next resistance levels seen at 1,640 and 1,660 points. On the downside, the 1,620 points will act as the immediate support, followed by 1,611 points.
Malacca Securities Research
Despite Wall Street’s gains, we expect FBM KLCI volatility to ease today after its strong rally in recent days.
Meanwhile, with the news that Prudential surfaced as a substantial shareholder in Binastra Corp Bhd, we believe that any pullback would represent buying opportunities for the stock.
Analysts have been bullish toward the counter, underpinned by (i) Binastra’s client expansion into new markets; (ii) tapping into the data centre industry; and (iii) green energy ventures.
The group has an unbilled order book of RM4.4 bil which would provide earnings visibility for the next four years.
Lastly, traders can monitor Powerwell Holdings Bhd, CPE Technology Bhd and ES Sunlogy Bhd for trading opportunities.
The FBM KLCI continued to form new high with technical indicators showing positive signals as the MACD histogram has started trading at its positive territory while the RSI has broken above the 70 level.
Resistance is anticipated around 1,652-1,657 while support is located at 1,617-1,622. – Oct 3, 2025
