BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
Broad-based buying across key index constituents lifted the FBM KLCI on Wednesday with the benchmark index sustaining gains throughout the entire trading session.
The broader market also mounted a recovery, supported by the positive momentum from Wall Street overnight.
However, market breadth remained negative at 517 advancers against 608 decliners with notable weakness still evident within the technology sector.
Looking ahead, the FBM KLCI may trade with a cautious upside bias as investors assess the recent improvement in sentiment against lingering external uncertainties.
While sustained buying interest in selected heavyweights could help anchor the index, overall gains may remain modest as market participants continue to monitor macro signals.
A key data point to watch will be Malaysia’s Producer Price Index (PPI) scheduled for release later today given the indicator has recorded consecutive contractions over the past eight months.
With the key index forming a gap up and a bullish candlestick, the local bourse may attempt to build upon yesterday’s recovery with the 1,625-1,630 points resistances in sight. Meanwhile, near-term supports are pegged at 1,613 points and 1,607 points respectively.
Malacca Securities Research
Tracking the positive overnight performance in the US, we expect the FBM KLCI to extend its upward momentum today.
Despite the market anticipating a US Federal Reserve rate cut in December, BNM (Bank Negara Malaysia) may not follow suit as the current OPR (overnight policy rate) is already below the 2019 level of 3.25%.
Nevertheless, we believe a strengthening ringgit may boost the appetite for domestic-driven sectors like REITs and property.
We continue to favour IGB REIT and Sunway REIT due to their strong footfall and stable dividends while property developers like Eco World Development Group Bhd and Sime Darby Property Bhd remain attractive due to their exposure to industrial technology parks.
The rally in NASDAQ will also bode well for local technology counters.
The FBM KLCI index closed in positive territory. However, technical indicators are showing mixed signal; the MACD histogram is hovering in negative territory while the RSI has hooked above 50, indicating positive momentum is returning.
Resistance is anticipated around 1,639-1,644 while support is located at 1,604-1,609. – Nov 27, 2025
