BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI drifted lower on Wednesday as the benchmark index succumbed to quick profit-taking within the first hour of trade and remained in the negative territory for the rest of the session.
In contrast, lower liners held up slightly better with both the FBM Small Cap and FBM ACE indices posting modest gains.
Overall market breadth turned slightly positive with 584 advancers against 523 decliners.
Looking ahead, the FBM KLCI is likely to remain in a prolonged consolidation phase amid the continued absence of fresh domestic leads.
The lack of notable policy initiatives, significant corporate announcements or macroeconomic surprises on the local front means investor conviction remains subdued, hence keeping the benchmark index confined within a tight trading band.
Nevertheless, global developments involving movements in US equities, shifts in commodity prices and major macro data releases could still induce intermittent volatility.
Technically, the key index has formed bearish candlestick to extend its longer-term consolidation pattern.
The range-bound trading is expected to keep gains in check with the immediate resistance at 1,632 points, followed by 1,638 points. Meanwhile, the near-term supports remain pegged at the 1,612-1,600 levels.
Malacca Securities Research
The resilient buying interest in Wall Street is expected to spill over to the local bourse with the window-dressing period strengthening the case.
Historically, December has always been the best month for the finance sector, especially banking.
Moreover, with the greenback on a weakening path, this would point to a stronger ringgit environment which will benefit domestic-driven sectors like REITs, consumer, banking, construction and property.
Nevertheless, we noticed that the glove sector has a healthy build-up in trading volume by having formed a rounding bottom foundation with bullish divergence signals after trading near the 52-week low. As such, we anticipate a near-term rebound within the sector.
The FBM KLCI index closed in negative territory. The technical indicators are showing a buy signal; the MACD histogram is hovering in positive territory while the RSI is trading above 50.
Resistance is anticipated around 1,637-1,642 while support is located at 1,597-1,602. – Dec 4, 2025
