BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
Eleventh-hour buying interest on selective index heavyweights following the quarterly MSCI Index review helped lift the FBM KLCI into the positive territory on Monday.
The broader market, however, finished mixed, underscored by a slightly negative market breadth of 533 advancers against 611 decliners.
This suggests that while index-driven flows supported the benchmark’s performance, overall sentiment across the broader market remained cautious.
Looking ahead, the local bourse may trade in a cautious yet slightly constructive tone as investors digests the index-related flows from the MSCI review while shifting their attention to key US economic releases.
The upcoming US Producer Price Index (PPI) and retail sales data will be closely watched for fresh signals on inflation momentum and consumer resilience, both of which could influence the US Federal Reserve’s policy outlook and, in turn, global risk sentiment.
Any indication of cooling inflation or softer consumer spending may bolster expectations of rate cuts, potentially lending support to regional markets, including Bursa Malaysia.
With the key index forming a hammer candlestick, this suggest the near-term downside could be well cushioned and along with the positive performance on Wall Street overnight, potential bargain hunting could lift the key index towards the near-term resistances at 1,625-1,630 points.
Meanwhile, the key support levels remain pegged at 1,613-1,607 points.
Malacca Securities Research
Tracking the rebound in the US yesterday, we expect the FBM KLCI to extend its bullish tone today.
As the ringgit is trading with a strengthening bias around RM4.13/US$, we expect traders to focus on domestic-driven sectors.
Consumer and REITs were being focused on yesterday. While we continue to favour IGB REIT and Sunway REIT, we think investors can accumulate them in view of their stable dividend yield above 4%.
The AI (artificial intelligence) comeback in the US could bode well for local technology counters.
Lastly, investors can look into the upcoming IPO (initial public offering) of LAC Med Bhd (M+ target price: RM1.02) which closes its application today (Nov 25).
The FBM KLCI index closed in positive territory. However, the technical indicators are slightly negative; the MACD histogram is hovering in the negative territory while the RSI is below 50, indicating downward momentum may persist.
Resistance is anticipated around 1,633-1,638 while support is located at 1,598-1,603. – Nov 25, 2025
