BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its upward momentum on Tuesday, tracking the positive performance on Wall Street overnight.
However, the broader market ended mixed as sentiment turned cautious with minor signs of profit-taking emerging after recent gains.
Consequently, overall trading activity moderated with total traded volume easing to 3.53 billion shares from 3.92 billion shares a day earlier.
For the day ahead, market sentiment is expected to turn more cautious as recent gains could trigger bouts of profit-taking.
The FBM KLCI may undergo a mild consolidation, retracing part of its previous sessions’ advances amid the absence of strong follow-through catalysts.
Overall trading tone is likely to remain subdued with investors maintaining a wait-and-see stance ahead of key global economic data releases and policy developments that could shape near-term market direction, including the release of Malaysia’s 3Q 2025 GDP (gross domestic product) data at the end of the week.
From a technical perspective, the FBM KLCI has formed an inverted hammer candlestick, suggesting that the previous session’s intraday gains may not be sustainable and that a near-term pullback could emerge.
Immediate resistance is pegged at 1,638 points, followed by 1,650 points while support levels are located at 1,615 and 1,608 points respectively.
Malacca Securities Research
Overall, we believe the optimism of ending the US government shutdown could have a spill-over effect on the local bourse.
However, the upside in technology sector may be capped as concerns over US tech valuations still linger; however, we are still positive on high-momentum stocks like Kelington Group Bhd, ViTrox Corp Bhd and Frontken Corp Bhd backed by signs of earnings recovery.
Nevertheless, as the ringgit could strengthen further based on Bloomberg consensus, hence we believe traders may shift their attention to domestic-driven sectors like consumer and stocks such as Mr DIY Group (M) Bhd, Eco-Shop Marketing Bhd and 99 Speed Mart Retail Holdings Bhd which would benefit from lower input costs.
The FBM KLCI index closed in positive territory with the technical indicators showing a positive signal; the MACD histogram is in the positive territory while the RSI is rising above 50.
Resistance is anticipated around 1,649-1,654 while support is located at 1,614-1,619. – Nov 12, 2025
