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 decline on Tuesday, slipping to a three-week low as profit-taking activities persisted, keeping the benchmark in the negative territory for most of the session.
The broader market, however, finished mixed although sentiment remained cautious as reflected by the slightly negative market breadth of 556 advancers vs 588 decliners as overall trading participation stayed selective with investors adopting a slightly defensive stance due to the softer index performance.
Going forward, the FBM KLCI may continue to trade cautiously as investors assess the recent pullback alongside lingering external uncertainties and the absence of strong domestic catalysts.
While bargain-hunting in selected heavyweights could lend intermittent support, overall upside may remain capped as market participants stay defensive.
Sentiment will likely remain data-dependent with key focus on the US Chicago PMI reading due tonight which could offer further cues on the health of US economic activity and shape expectations on the US Federal Reserve’s policy path.
Following the formation of a bearish candlestick after the key index breached the 1,613 points support, the downward bias trend may likely extend with the key index looking to head towards the next supports at 1,607 points and the 1,600 psychological level.
Meanwhile, the near-term resistances remain located at 1,625-1,630 points.
Malacca Securities Research
Given the positive rebound in the US, we believe buying interest will spill-over to Bursa Malaysia.
Meanwhile, we are positive on Ranhill Utilities Bhd after its stellar 3Q FY2025 results following which traders can position it for long-term trading opportunities.
We remain optimistic about data centre developments in Johor and the JS-SEZ (Johor-Singapore Special Economic Zone).
These developments are expected to lead to higher water consumption, benefiting Ranhill’s water segment.
Lastly, the recent nationwide floods might benefit Wawasan Dengkil Holdings Bhd while investors can look into the upcoming IPO of Main Market-bound Orkim Bhd (M+ target price: RM1.16) which closes its application today.
The FBM KLCI index closed in positive territory. However, the technical indicators are showing weaker momentum; the MACD histogram is hovering in negative territory while the RSI is below 50, indicating downward momentum.
Resistance is anticipated around 1,626-1,631 while support is located at 1,591-1,596. – Nov 26, 2025
