BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI was nudged mildly higher on Monday as the key index fortified its position above the psychological 1,600 level, driven by gains on more than two-thirds of the key index components.
Across the broader market, however, conditions remain somewhat mixed at the back of the negative market breadth as mild profit taking continued. Traded volumes eased to 3.77 billion shares from more than 4 billion shares in the previous session.
Following the two-day recent recovery, the key index could continue to build a base above the 1,600 psychological level over the near term to extend its upward bias trading pattern.
Also lifting the key index higher was some subtle buying interest from foreign funds which could dictate the market’s direction moving forward.
For today, investors could be monitoring China’s manufacturing data as well as the US consumer confidence data to assess the health of the world’s two largest economies.
With the key index now a hair away from the immediate resistance of 1,611 points, a breakthrough may send the key index higher towards the next resistance located at 1,620 points.
On the flipside, the 1,600 level will serve as the near-term support, followed by 1,585 points.
Malacca Securities Research
Tracking the positive closing in the US, we expect the FBM KLCI to continue its upward momentum today.
Amid news that Gamuda Bhd secured another RM3.3 bil leasehold land tender in Singapore, we continue to maintain our optimism in the construction sector with industry players having strong earnings visibility for the next two to three years, underpinned by data centre investments and mega infrastructure projects across the country.
Traders could accumulate on the recent pullback. Lastly, traders could also consider AWC Bhd which is pending for a breakout and having showed improved margins and results in FY2025.
Monday’s session saw the FBM KLCI kickstarted the week higher. However, the technical indicators are still suggesting mixed signals with the MACD histogram hovering flat around zero while the RSI is threading above 50.
Resistance is anticipated around 1,625-1,630 while support is located at 1,590-1,595. – Sept 30, 2025
