BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI ended its three-day winning streak on Tuesday as profit-taking dominated sentiment with half of the key index constituents closing in the red.
Market participation, however, improved to 3.86 billion shares, up from 3.44 billion in the previous session.
The pronounced profit-taking, coupled with a negative market breadth of 751 decliners against 331 advancers, resulted in a softer performance across the broader market.
Going forward, market sentiment may remain cautious as investors turn their attention to the upcoming US Federal Reserve policy meeting tonight where markets are largely pricing in another 25bps (basis points) rate cut.
Despite expectations of further monetary easing, lingering concerns over the global economic outlook could dampen risk appetite.
Back home, Malaysia’s PPI (Producer Price Index) data which has recorded six consecutive months of contraction will be in focus later today.
Technically, the FBM KLCI has formed a bearish candle as the key index was unable to break above the upper band of the short-term consolidation pattern.
With the extended consolidation remaining in shape, the immediate resistances are seen at 1,622 and 1,638 points respectively. Downside wise, the 1,600 psychological level continues to serve as the immediate support, followed by 1,580 points.
Malacca Securities Research
Tracking the positive overnight performance in the US, we believe sentiment for the local bourse will improve and gain more clarity after the Trump-Xi meeting concludes.
Meanwhile, buying interest continues to emerge in Capital A Bhd and AirAsia X Bhd following their technical breakouts, underpinned by Capital A’s potential PN17 (Practice Note 17) status uplift by December.
Lastly, with Dufu Technology Corp Bhd turning profitable in its 3Q FY2025 while its 9M FY2025 net profit more than doubled, traders can monitor for breakout entry opportunities.
We believe DUFU will continue to benefit from the growth in data storage demand, supported by the rapid expansion of AI (artificial intelligence)-driven applications. Its share price is currently well supported by the EMA20.
The FBM KLCI index stayed flattish with the technical indicators being slightly positive; the MACD histogram has formed a rounding bottom and turned flattish along the zero level while the RSI is hovering above 50.
Resistance is anticipated around 1,628-1,633 while support is located at 1,593-1,598. – Oct 29, 2025
