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BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
Extended profit taking sent the FBM KLCI lower on Wednesday as the key index hovered mostly in the negative territory during the session.
Market participation retreated with only 2.73 billion shares traded, sharply lower from 3.86 billion shares in the previous session.
The broader market weakness was reflected by the negative market breadth with 547 declines vs 442 advancers as sentiment remain fairly cautious with the lack of fresh leads.
The local bourse may continue to trade in a cautious tone as sentiment remains fragile following the recent profit-taking stance.
While bargain-hunting could emerge on selected heavyweights with the key index managing to come off from its intraday low yesterday, overall upsides may stay limited amid weak domestic leads.
Investors will also be assessing implications of the US Federal Reserve’s latest 25bps (basis points) rate cut though market movements have largely priced-in.
Technically, the FBM KLCI has formed a hammer candlestick after the key index recovered most of its intraday losses.
Still, the consolidation formation is likely to extend with the immediate resistances remain located at 1,622 and 1,638 points respectively.
Downside-wise, the 1,600 psychological level which is the lower band of the consolidation zone continues to serve as the immediate support, followed by 1,580 points.
Malacca Securities Research
Following Wall Street’s negative overnight performance, we expect the FBM KLCI to trade on a firmer note only after the Trump-Xi meeting concludes.
However, we believe the better-than-expected earnings release from Google post-market may boost sentiment in the technology sector.
Meanwhile, we view the REIT and consumer sectors to perform particularly well in the run-up to Visit Malaysia 2026 (VMY 2026) with RM700 mil allocated to the tourism sector under Budget 2026.
We favour IGB REIT, Sunway REIT and Spritzer Bhd. Lastly, we like Shin Yang Group Bhd’s diversification into the automotive business as the authorised dealer for Toyota and Lexus in East Malaysia where its automotive revenue has now surpassed its traditional shipping segment in the latest quarter.
The FBM KLCI index continued in the sideways trend wuth the technical indicators being mixed; the MACD histogram is hovering in the negative territory while the RSI is hovering above 50.
Resistance is anticipated around 1,626-1,631 while support is located at 1,591-1,596. – Oct 30, 2025
The post What to expect on Bursa Malaysia this Thursday first appeared on Focus Malaysia.
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