BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI started off the final quarter of the year on a strong footing as the key index recorded its fourth straight session of winning streak on Wednesday.
Likewise, the broader market advanced with only the REIT sector underperformed the sectorial peers.
Traded volumes, however, slipped to 2.48 billion shares from 3.48 billion share a day earlier despite the positive market breadth as investors wait for fresh catalyst to emerge.
Following the recent positive strides, the FBM KLCI is now approaching overbought territory, suggesting that further upside could be capped.
This may also invite quick profit-taking activities while near-term market direction is likely to hinge on external macro developments and fresh domestic catalysts to sustain the recent positive momentum.
Overall, the trading bias remains upward but bouts of consolidation are likely as investors lock in profits along the way. Under these circumstances, the index could still extend its gains albeit at a measured manner with the next resistance levels seen at 1,630 and 1,640 points.
On the downside, the 1,611 points will act as immediate support, followed by 1,600 psychological level.
Malacca Securities Research
Tracking the positive close in the US, we anticipate the FBM KLCI to trade on a firmer note today.
With the technology sector outperforming yesterday, we believe chip-related companies will continue to benefit from the AI (artificial intelligence) megatrend with some of our technical picks including ViTrox Corp Bhd, UWC Bhd and Frontken Corp Bhd.
Meanwhile, buying interest might emerge in the utilities, construction and consumer-related sectors ahead of the highly anticipated Budget 2026 next week.
Lastly, Camaroe Bhd (M+ IPO: 17 sen), a company focusing on farming and processing of black tiger prawns, will be listed on the ACE Market today.
The FBM KLCI continued to trade higher and is well-supported above the EMA lines with technical indicators showing positive signals as the MACD histogram started to expand beyond zero while the RSI is approaching 70.
Resistance is anticipated around 1,635-1,640 while support is located at 1,600-1,605. – Oct 2, 2025
