KUALA LUMPUR: The FBM KLCI opened the week lower on Monday, as investors adopted a cautious stance following the recent rally. Rakuten Trade believes there is a strong possibility that the index may test the enigmatic 1,700 level in the near term. “For today, we expect the index to trend between the 1,650-1,665 range underpinned by the strengthening ringgit,” it said. Meanwhile, Berjaya Research Sdn Bhd said the FBM KLCI is expected to trade on a cautious yet stable footing in the near term, with gains likely to be capped by intermittent profit-taking following the recent rally. With the RSI approaching overbought territory, bouts of quick profit-taking activities could emerge, with the 1,648 points acting as immediate support, followed by 1,638 points.

Source: The Star December 22, 2025 07:25 UTC