BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI rebounded on Thursday, supported by positive sentiment from Wall Street after the US Federal Reserve delivered another round of interest rate cut overnight.
However, the broader market edged lower with market breadth turning negative as 594 decliners outpaced 490 advancers.
The FBM KLCI may see a period of stabilisation following the US Fed’s latest rate cut as expectations of improved liquidity conditions and firmer global risk appetite may help to underpin regional sentiment.
Still, investors will closely monitor Malaysia’s industrial production and retail sales data due for release later today for clearer cues on domestic economic momentum.
Overall, the key index is likely to trade within a consolidative bias in the near term as the market digest both global policy developments and local macro indicators.
The key index formed a bullish candlestick to firm up its position within the consolidation band. Further recovery could propel the key index towards the immediate resistance at 1,630 points, followed by 1,638 points.
Meanwhile, the near-term supports are located at 1,611-1,606 points.
Malacca Securities Research
Following the US Fed’s interest rate cut, we expect the FBM KLCI to end the week on a positive note.
Given the stronger ringgit environment and the dovish-inclined US Fed, we believe banks will continue to outperform, potentially leading the FBM KLCI higher amid a December rally.
Meanwhile, given the recent pullback to decent levels in solar-related counters, we believe investors can start accumulating some solar-related stocks, including Solarvest Holdings Bhd, Samaiden Group Bhd and Pekat Group Bhd to participate in the National Energy Transition Roadmap (NETR) journey.
Lastly, with the breakout in SD Guthrie Bhd (SDG) yesterday, traders could monitor for entry opportunities on SDG and also other plantation counters.
The FBM KLCI index closed in positive territory. However, the technical indicators are showing a mix signal; the MACD histogram is in the negative territory while the RSI is trading above 50.
Resistance is anticipated around 1,640-1,645 while support is located at 1,605-1,610. – Dec 12, 2025
