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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
The FBM KLCI managed to recoup most of its intraday losses on Wednesday following a recovery in the latter half of the session.
This is after a Democrat sweep in the first major US off-year election lifted overall market sentiment from the lows.
Traded volume surged to 4.77 billion shares from 3.59 billion previously as earlier weakness was met with swift bargain-hunting activities.
Despite the late rebound, market breadth remained negative with decliners outpacing advancers by 752 to 427 stocks.
The stronger second-half performance on the FBM KLCI indicated bargain hunting activities and improving near-term confidence that was underpinned by the positive spillover from US political developments.
The Democrat victory was perceived as market-friendly with investors anticipating potential fiscal stability.
Along with the stronger Wall Street performance overnight, the local bourse may continue to build onto its recovery momentum with the key index likely to trade towards the upper band of its current consolidation range as investors rotate back into blue-chip and defensive names.
Technically, the FBM KLCI has formed a hammer candlestick yesterday to hover a hair away from the near-term resistance at 1,622 points. Upon a successful breakthrough, the next resistances are located at 1,638 and 1,650 points respectively.
Meanwhile, the 1,611 level will serve as the near-term support, followed by the 1,600 psychological level.
Malacca Securities Research
Overall, we noted several signs of a rotation with trading interest shifting towards transportation and plantation heavyweights.
Hence, we believe that the overall earnings growth is stable for both sectors. The transportation sector could be lifted by Westports Bhd and could spill over to Shin Yang Group Bhd and Sealink International Bhd.
Meanwhile, CPO (crude palm oil) prices over the past few quarters have been on the rise and may translate to earnings for plantation heavyweights like United Plantation Bhd and Kuala Lumpur Kepong Bhd.
Besides, we favour the prospects of Life Water Bhd following its product placement in 99 Speedmart and expect it to trade higher by playing catch up to its nearest peer Spritzer Bhd in the near term.
While the FBM KLCI index closed in negative territory, the technical indicators are nevertheless showing a positive signal; the MACD histogram is hovering in the positive territory while the RSI is hovering above 50.
Resistance is anticipated around 1,636-1,641 while support is located at 1,601-1,606. – Nov 6, 2025
The post What to expect on Bursa Malaysia this Thursday first appeared on Focus Malaysia.
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