BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI closed off 3Q 2025 on a slightly better footing on Tuesday after a wobbly session in the second half of the trading session which reversed most of its intraday gains.
Consequently, the local bourse managed to notch a 2.3% month-on-month (m-o-m) gain for September 2025.
Meanwhile, the broader market trended slightly lower as profit taking activities remain on the fore. Traded volumes fell to 3.48 billion shares from 3.77 billion shares in the previous session despite an even market breadth.
For the day ahead, we expect market sentiment to stay cautious as persistent profit-taking may cap the key index’s recovery momentum as it solidifies its position above the 1,600 psychological level.
On the economic front, attention will be directed to Malaysia’s manufacturing PMI data which has remained in the contraction territory since May 2024.
A return to the expansion zone could inject fresh optimism and support near-term foreign fund inflows while further weakness would underscore prolonged economic softness and dampen market sentiment.
Tracking the positive developments on Wall Street overnight, the local bourse could build onto recent gains to charge towards the next resistance located at 1,620 points which is followed by 1,630 points.
On the downside, the 1,600 psychological level will serve as the immediate support, followed by 1,585 points.
Malacca Securities Research
Following the high stake of a US government shutdown, we expect the negative sentiment to spillover on the local bourse today.
Meanwhile, we continue to favour KJTS Group Bhd (M+ target price: RM2) which has solid earnings visibility.
District cooling provider is well-supported by the (i) NETR (National Energy Transition Roadmap) policy; (ii) large-scale regional cooling projects through its JV with Stonepeak; and (iii) the country’s data centre development which requires more cooling solutions.
The group’s recent RM25.3 mil contract win with KIP REIT also reinforced its position as the country’s leading cooling energy management solutions provider.
Lastly, traders can monitor Solarvest Holdings Bhd, Evergreen Max Cash Capital Bhd and Well Chip Group Bhd for trading opportunities.
Tuesday session saw the FBM KLCI traded higher. However, the technical indicators are still showing mixed signals with the MACD histogram hovering flat around zero while the RSI is threading above 50.
Resistance is anticipated around 1,626-1,631 while support is located at 1,591-1,596. – Oct 1, 2025
