BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
Although the key index was in the positive territory for much of the day, it surrendered the gains as heightened selling on selected key index constituents pushed it lower to close in the negative territory and a shade below the 1,620 level.
Nevertheless, conditions elsewhere were more sanguine, particularly among technology names as market players cheered NVIDIA’s above expectation results and forward guidance.
As a result, market breadth also returned to the positive side for the day.
The unsettled conditions on the FBM KLCI are likely to prevail for now with the consternation could cause further market tentativeness heading into the end of the week.
As it is, there are still bouts of selling on the key index constituents due to the external uncertainties that is compounded by the lack of sustainable domestic leads.
The weak performance on Wall Street overnight did little to instil fresh confidence for the local equity market while the on-going corporate results reporting has yielded few surprises.
Consequently, profit-taking actions could still dominate near-term trades and leave the key index with a downside bias heading into the weekend.
The interim supports are at 1,613 points and 1,607 points before the psychological 1,600 points comes into play. The resistances, meanwhile, are at the 1,625-1,630 levels, followed by 1,637 points.
Malacca Securities Research
Tracking Wall Street’s negative overnight performance, we expect the FBM KLCI to extend its weakness today.
Meanwhile, we favour Southern Cable Group Bhd following its share price rebound whereby the company showed strong revenue and earnings growth over the years and is expected to continue benefitting from the rising demand for HV power cables, driven by developments in renewable energy, railways and data centres.
Investors can also consider the upcoming IPO (initial public offering) for Main Market-bound Geohan Corp Bhd (M+ target price: 66 sen) which will close its application today.
Lastly, traders could position TMK Chemical Bhd for trading opportunities following its recent breakout.
The FBM KLCI index closed in negative territory. The technical indicators are showing a mixed signal; the MACD histogram is hovering in negative territory while the RSI is above 50, indicating upward momentum.
Resistance is anticipated around 1,634-1,639 while support is located at 1,599-1,604. – Nov 21, 2025
