BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI ended its two-day consolidation spell on Friday as buying interest re-emerged that allowed the key index to end the week above the psychological 1,600 level.
In the broader market, however, conditions were mixed on mild profit taking on some of the recent big movers with total gainers and losers nearly equal for the day. Traded volumes, meanwhile, surged past 4 billion shares.
Friday’s recovery has lifted market sentiments somewhat by raising hopes that there could be further near-term upsides as the key index looks to fortify its base around the 1,600 level.
However, recent trading still points to the 1,620-level serving as a formidable level for the key index to penetrate convincingly.
As it is, there are also few noteworthy economic and corporate leads to fortify the conditions for a more sustainable uptrend.
At the same time, there remain bouts of foreign institutional selling that is also preventing firmer gains.
Consequently, further near-term gains could be capped with the immediate resistance pegged at 1,611 points, followed by the 1,620 level. The 1,600 level is the near-term support, followed by the 1,585 level
Malacca Securities Research
We expect the FBM KLCI to continue trading above the 1,600 level today in line with the positive rebound on Wall Street last week.
Meanwhile, with the news that Inta Bina Group Bhd secured another RM40.6 mil housing contract from Eco Majestic Sdn Bhd to bring its total order book to about RM1.9 bil, we maintain our optimism toward the company given its low valuation and strong earnings visibility for the next two to three years.
Lastly, with the recent recovery and improved sentiment in the local bourse and IPOs (initial public offerings), we think investors can consider Bursa Malaysia Bhd which experienced a breakout above its six-month consolidation and started to trade above the MA200.
The FBM KLCI rebounded on Friday. However, the technical indicators are still suggesting mixed signals with the MACD histogram trading in the negative region while the RSI is hovering above 50.
Resistance is anticipated around 1,624-1,629 while support is located at 1,589-1,594. – Sept 29, 2025
