BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its gains on Friday as more than half of the key index components headed higher, supported by signs of year-end window-dressing activities.
The broader market also advanced with the construction sector being the only laggard while market breadth turned positive as 744 advancers overwhelmed 387 decliners.
The FBM KLCI may continue to see upward bias in the near term, supported by on-going year-end window-dressing activities and improved risk sentiment heading into the final weeks of the year.
The key index is likely to hover within a gradual upward trajectory, underpinned by rotational interest and renewed appetite for blue-chip names.
Meanwhile, key economic focus would be China’s industrial production and retail sales data slated to be release later today to offer cues on the sustainability of the recovery of Asia’s largest economy that could eventually dictate broader regional sentiment.
The key index has formed another bullish candlestick after its recent recovery and is re-testing the stiff resistance at 1,638 points.
A conclusive breakthrough could lift the key index towards the next resistance at 1,650 points, followed by 1,658 points. Meanwhile, the supports have now shifted to the 1,620-1,611 levels.
Malacca Securities Research
Overall, we expect the FBM KLCI index to follow suit with Wall Street’s negative overnight performance.
Nonetheless, trading interest was seen in selected glove stocks as we observe relative trading volumes starting to pick up with earnings recovery seen in them.
Also, we like LAC Med Bhd’s shift towards an asset-ownership model which provides a win-win situation for the group and its clients given greater working capital flexibility to focus on its core business.
Meanwhile, a strengthening ringgit continues to be the focal point and may lead to more domestic-driven investment themes; we like banking heavyweights in the window dressing period.
The FBM KLCI index closed in positive territory. 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 1,652-1,657 while support is located at 1,617-1,623. – Dec 15, 2025
