November 10, 2025
Stock Market
Malaysia’s stock market started the week on a positive note, lifted by renewed buying interest in blue-chip counters and the strengthening of the ringgit.
Regional optimism and improving risk appetite provided mild tailwinds, although analysts cautioned that the benchmark index remains in a consolidation phase awaiting stronger catalysts.
Market Overview
As of midday (around 12:30 pm), the FTSE Bursa Malaysia KLCI (FBM KLCI) hovered near 1,621 points, up about 2.5 points (+0.15%) from Friday’s close of 1,619.13.
Buying support was seen in heavyweights such as Maybank, Public Bank, and Petronas Chemicals, providing stability to the index.
Market breadth turned positive, with more gainers than losers, indicating light bargain-hunting activity.
External and Macro Context
The ringgit appreciated further against the US dollar, trading near its strongest level in a month, lending additional support to local equities.
Across Asia, regional markets were mostly higher, tracking Wall Street’s Friday gains and stronger risk sentiment.
Analysts expect the FBM KLCI to remain within the 1,615 – 1,630 range in the short term, with buying interest rotating into selective low-priced counters.
Sector Highlights
Financials and Consumer Staples supported the market, buoyed by steady domestic demand and stronger currency sentiment.
Technology counters traded mixed but continued to attract short-term speculative interest.
Energy and Plantation stocks moved sideways amid subdued commodity prices.
Stocks to Watch (Low-Priced Opportunities)
Stock | Code | Price Range (Approx.) | Why It Matters |
|---|---|---|---|
QL Resources Bhd | QL (7084.KL) | ~ RM 4.25 – 4.40 | The stock recently broke above its resistance around RM 4.20 and may target RM 4.40 to RM 4.55 levels. Analysts highlight its defensive food & marine business as benefiting from stable demand and modest earnings growth. |
Zetrix AI Berhad | ZETRIX (0281.KL) | ~ RM 0.85 – 0.90 | Trading momentum improved after the counter crossed RM 0.84 resistance. The company focuses on blockchain and AI solutions, drawing speculative attention as a low-priced tech play. Short-term volume breakout may extend if sentiment holds. |
Disclaimer: The above stock mentions are for informational purposes only and do not constitute investment advice.
Market Drivers
Ringgit Appreciation: The local currency’s rebound boosts confidence in domestic assets.
Selective Buying in Blue Chips: Institutional inflows concentrated in financial and consumer names.
Rotation to Low-Priced Stocks: Traders eye short-term gains in mid-caps and penny counters.
Awaiting Catalysts: Investors remain cautious ahead of macro data releases later this week.
Outlook
The Malaysian equity market opened the week on firm footing, supported by stronger currency fundamentals and improving regional tone.
Analysts expect the FBM KLCI to stay range-bound between 1,615 and 1,630 points, with selective trading in low-priced tech and consumer counters providing near-term opportunities.
Momentum could strengthen if global data or commodity trends offer new upside catalysts later in November.