Kuala Lumpur, 26 Sept 2025 – Blue-chip counters on Bursa Malaysia ended broadly sideways on Thursday, reflecting cautious sentiment across regional markets. Investors stayed on the sidelines in the absence of fresh domestic catalysts, with attention now turning to the upcoming U.S. Personal Consumption Expenditures (PCE) data for cues on the Federal Reserve’s next policy move.
The FBM KLCI slipped 1.19 points to close at 1,598.47, after touching an intraday low of 1,595.04 and high of 1,600.89. Market breadth was positive, with 588 gainers against 472 losers, while turnover stayed steady at 3.55 billion shares worth RM2.76 billion.
Technical Outlook on FBM KLCI
Rangebound trading is expected to persist ahead of the weekend. Key resistance levels to watch remain at:
- 1,644 – December 2024 high
- 1,684 – 1,695 – strong upside hurdles
On the downside, support levels are pegged at:
- 1,564 – 61.8% Fibonacci retracement (FR)
- 1,527 – 50% FR
- 1,490 – 38.2% FR
Stock Watch
SKP Resources (7155)
- Attractive for bargain hunting on dips.
- Upside targets:
- RM1.01 – 38.2% FR
- RM1.12 – 50% FR (if breakout confirmed)
- Downside risk cushioned by support at RM0.76 and the 30 Jan 2024 low of RM0.64.
Wasco (5246)
- Needs breakout above RM1.13 (50% FR) to build stronger momentum.
- Upside targets:
- RM1.22 – 61.8% FR
- RM1.33 – 76.4% FR
- Strong support at RM0.85 and RM0.75 (9 Apr 2025 low).
Corporate Spotlight: CIMB Group
CIMB Group Holdings Bhd (1023) announced plans to intensify financing for infrastructure, sustainability-linked projects, and trade settlement frameworks within the ASEAN Plus Three region (China, Japan, and South Korea). This move underscores CIMB’s commitment to regional growth and its role in supporting sustainable economic development.
Outlook
With Wall Street’s reaction to the U.S. PCE data expected to set the tone for global markets, Bursa Malaysia is likely to remain in a consolidation phase. Traders should monitor external cues while keeping an eye on technical levels for potential entry opportunities.
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