BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The last-minute buying support among selected index heavyweights lifted the FBM KLCI higher on Tuesday as the key index snapped a four-day losing streak.
The broader market, however, extended their pullback as evidenced by the weak market breadth with 578 decliners outweighing 470 advancers.
Cautious sentiment is expected to take charge on the FBM KLCI over the near term as investors weigh persistent external uncertainties and the recent softness in regional sentiment.
Trading tone may stay subdued ahead of the upcoming US Federal Open Market Committee (FOMC) meeting later tonight with market participants closely attuned to any shift in the Federal Reserve’s policy stance that could influence global risk appetite and fund flows.
For now, consensus is pointing towards another rate cut.
The key index formed another bullish candlestick to remain within the longer-term consolidation band.
For now, any potential further recovery is expected to see gains limited towards the immediate resistance at 1,620 points, followed by 1,630 points. Meanwhile, the near-term supports remain envisaged at the 1,600-1,595 points.
Malacca Securities Research
We expect the FBM KLCI to remain soft ahead of the conclusion of the FOMC meeting tonight.
Meanwhile, we are positive on the news that Techstore Bhd has secured a RM89.7 mil, 30-month contract to provide digital radio and on-board live detection systems for the Kelana Jaya LRT (Light Rail Transit) line.
With its outstanding order book at RM106.6 mil as of end-September 2025, this latest win represents approximately 84% of its existing order book, thus strengthening its earnings visibility for the next two to three years.
Lastly, despite the minor uptick in Orkim Bhd amid a weak macro environment, we remain optimistic about the company with a fair value of RM1.16.
The FBM KLCI index is hovering sideways with technical indicators showing weakening signals; the MACD histogram is starting to expand toward the negative territorywhile the RSI is trading below 50.
Resistance is anticipated around 1,629-1,634 while support is located at 1,594-1,599. Dec 10, 2025
