BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI reversed course on Tuesday, surrendering all its intraday gains from quick profit taking in the latter half of the trading session.
Overall market sentiments remained weak with decliners overwhelming advancers by a ratio of 811 to 390 stocks.
Trading activity saw total volume rose to 3.66 billion shares from 3.57 billion shares in the previous session, reflecting heighted profit taking activities, particularly among lower liners which closed broadly lower.
Looking ahead, market sentiment is likely to stay cautious, taking cue from the unabated volatility on Wall Street overnight.
Attention will be tuned towards US Federal Reserve chairman Jerome Powell’s upcoming speech for further cues on monetary policy trajectory which could influence regional fund flows and risk appetite.
Meanwhile, China’s upcoming inflation and producer price index (PPI) data to be released later today will also be closely monitored for insights into the strength of its economic recovery.
Technically, the FBM KLCI formed a bearish candle but managed to defend the 1,611 near-term support level.
Further pullback could send the key index to revisit the next support at the 1,600 psychological level. On the other hand, a rebound beyond the 1,622 level may lift the key index towards the next resistances located at the 1,635 points and 1,657 points respectively.
Malacca Securities Research
Given the worsening US-China trade relations, we expect the FBM KLCI to continue trading in a cautious tone.
Meanwhile, we are optimistic about Aumas Resources Bhd securing the renewal of its Bukit Mantri gold mine licence in Tawau, Sabah – the only large-scale gold mine in the state – which could support its share price rebound alongside elevated gold prices above US$4,000/oz.
Lastly, with consumer products & services being the only outperforming sector yesterday, we continue to favour 99 Speed Mart Retail Holdings Bhd and Mr DIY Group (M) Bhd as the RM15 bil cash aid allocation under Budget 2026’s Sumbangan Tunai Rahmah (STR) and SARA programmes is expected to lift consumer spending.
The FBM KLCI continued to trade on higher-lows pattern but with technical indicators trading on a weakening sign as the MACD histogram has expanded into the negative territory while the RSI is hooking down.
Resistance is anticipated around 1,626-1,631 while support is located at 1,591-1,596. – Oct 15, 2025
