What to expect on Bursa Malaysia this Friday

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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 ended Thursday slightly lower after paring all its intraday gains, dragged by weakness in PETRONAS-related heavyweights.

Overall market activity softened with traded volume easing to 3.96 billion shares from 4.77 billion shares previously albeit market breadth improved with 580 advancers against 536 decliners.

Meanwhile, the broader market closed mixed amid a cautious trading environment.

Cautiousness is expected to prevail in the near term as investors continue to digest recent market developments following Bank Negara Malaysia’s (BNM) move to keep the overnight policy rate (OPR) unchanged.

As such, the benchmark index may continue to trade sideways with a mild downward bias, taking cue from the weakness on Wall Street overnight as traders could likely be adopting a selective approach y focusing on defensive and dividend-yielding stocks.

Meanwhile, investors will be keeping a close tab onto Malaysia’s industrial production data as well as the US unemployment data to be released later today.

Technically, the FBM KLCI has formed a bearish candlestick yesterday to remain below the near-term resistance at 1,622 points.

The consolidation pattern could prolong with the next resistances envisaged at 1,638 and 1,650 points respectively. Meanwhile, the 1,611-level remains as the near-term support, followed by the 1,600 psychological level.

Malacca Securities Research

In view of the lacklustre Wall Street overnight performance, we expect the FBM KLCI index to follow suit and trade on a weaker note, potentially hitting the technology sector in the near term.

However, we expect the recent earnings recovery in selected technology stocks like Frontken Corp Bhd and ViTrox Corp Bhd could buffer the near-term downside risk.

We also expect traders to turn their attention to banking and REITs, supported by their solid dividend payouts, which may be attractive to long-term investors.

For a conservative play, we believe traders could focus on consumer heavyweights like 99 Speed Mart Retail Holdings Bhd, Eco-Shop Marketing Bhd and Mr DIY Group (M) Bhd in view of their proximity to Visit Malaysia 2026 (VMY 2026).

The FBM KLCI index closed higher but the technical indicators are showing a positive signal; the MACD histogram is hovering in the positive territory while the RSI is hovering above 50.

Resistance is anticipated around 1,633-1,638 while support is located at 1,598-1,603. – Nov 7, 2025

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