BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI advanced on gains across more than half of the key index components as it lingered in the positive territory throughout the trading session on Tuesday.
The lower liners, however, closed mixed with the FBM ACE slipping to a more than two-month low. Overall market breadth stayed weak as 606 decliners outpaced 489 advancers.
The near-term outlook for the FBM KLCI remains one of cautiousness as lingering global uncertainties and uneven corporate earnings continue to temper risk appetite.
Market direction may remain choppy in the sessions ahead with investors expected to adopt a wait-and-see stance ahead of key economic data releases and policy signals.
The absence of fresh domestic leads could also temper any upsides over the near term.
Technically, the key index has formed another bullish candlestick, suggesting a build-up in buying momentum but the longer-term trend continues to exhibit a range-bound pattern.
Further gains could likely be capped at the near-term resistance at 1,638 points, followed by 1,650 points. Meanwhile, the immediate supports are pegged at the 1,612-1,600 levels.
Malacca Securities Research
Overall, we anticipate Malaysia’s stock exchange will be supported by year-end window-dressing activities.
In essence, we anticipate Bank Negara Malaysia (BNM) to keep the rate steady at 2.75% which should add to the case for a strengthening ringgit.
Thus, domestic-driven sectors like REITs and consumer stocks will benefit from a lower input-cost environment.
Moreover, we believe the widely expected 25 basis point cut by the US Federal Reserve should boost Malaysia’s Government Securities (MGS), hence translating to higher fixed income fair value gains.
We believe this bodes well for banks with significant debt security holdings like CIMB Group Holdings Bhd as about one-third of its total assets are in fixed income.
The FBM KLCI index closed in positive territory. The technical indicators are showing a positive signal; the MACD histogram is hovering in positive territory while the RSI is trading above 50.
Resistance is anticipated around 1,645-1,650 while support is located at 1,605-1,610. – Dec 3, 2025
