BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
Once again, the FBM KLCI rebounded into the positive territory after opening lower at the start of the trading session, extending its winning streak to a fourth consecutive day on Tuesday.
Despite the benchmark’s resilience, the broader market remained subdued as persistent profit-taking continued to weigh on lower-tier counters, reflecting a more cautious and selective trading environment.
Looking ahead, the FBM KLCI may continue to trade on a guarded footing after the recent four-session winning streak as the risk of near-term profit taking becomes more elevated.
While underlying sentiment has improved with selective buying in index heavyweights providing support, the upside momentum may moderate as investors lock in gains, particularly amid the lack of fresh domestic catalysts along with the pullback on Wall Street overnight.
As such, the key index is likely to see intermittent pullbacks and consolidation with trading activity becoming more selective in the sessions ahead.
Technically, the key index has formed another bullish candlestick to solidify its position above the 1,640 points.
Further upsides could sustain the upward trajectory, potentially pushing the key index towards the next resistance at 1,650 points, followed by 1,658 points. Meanwhile, the supports are pegged at the 1,630-1,625 levels.
Malacca Securities Research
Tracking the sentiment on Wall Street, the FBM KLCI may open on a weaker footing amid a lack of fresh leads but we believe on-going window dressing activities may limit the downside risk.
Meanwhile, higher tin prices coupled with Malaysia Smelting Corp Bhd’s volume ramp-up should provide a tailwind for the company.
Besides, we favour LAC Med Bhd’s shift towards an asset-ownership model which may provide the group with a competitive edge by offering working capital flexibility for its customers.
Based on channel checks, Powerwell Holdings Bhd is anticipating a recovery in its Bangladesh segment next year backed by healthy progress toward RE (renewable energy) adoption.
The FBM KLCI index closed in positive territory. The technical indicators are showing a buy signal; the MACD histogram is in the positive territory while the RSI is trading above 50, indicating an upward momentum.
Resistance is anticipated around 1,663-1,668 while support is located at 1,628-1,632. – Dec 17, 2025
