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 gains for a fourth consecutive session, tracking the positive momentum from Wall Street overnight as improved risk appetite supported buying interest in selected index heavyweights.
In contrast, the broader market edged slightly lower, reflecting a still-cautious overall trading environment.
The FBM KLCI is expected to trade on a firmer-yet-still measured footing over the near term, supported by positive external cues following the better-than-expected US gross domestic product (GDP) release which has helped reinforce global risk appetite.
However, the key index is now hovering in the overbought territory based on the RSI indicator, an indication that near-term upsides may be increasingly constrained and a mild pause or consolidation could materialise.
While the formation of another bullish candlestick suggests that underlying buying interest remains intact, investors may turn more selective as the market digests recent gains, potentially resulting in range-bound trading in the sessions ahead.
Should further upsides prevail, however, the next resistances are located at 1,675-1,680 points. On the other hand, the near-term supports are pegged at the 1,648-1,638 levels.
Malacca Securities Research
We believe the FBM KLCI may see some profit-taking today after its recent rally as trading activity typically softens during the holiday week.
However, we expect the FBM KLCI to end the year higher with banking stocks leading the index.
Meanwhile, we are optimistic about the news that Betamek Bhd has secured a six-year, RM176 mil contract from Perodua to supply electronic components for a new vehicle model.
Betamek has recorded increasing revenue, net profit and net profit margins since listing with its annualised FY3/2026 revenue and profit expected to exceed FY3/2025.
Lastly, traders may position in Malaysia Smelting Corporation Behd, Southern Cable Group Bhd and Evergreen Max Cash Capital Bhd (EMCC) supported by their underlying demand with EMCC getting a boost from the on-going gold rally.
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 1,691-1,696 while support is located at 1,656-1,661. – Dec 24, 2025
