FBM KLCI Poised for Uptrend Resumption, Says MBSB Research

Kuala Lumpur, 16 July 2025 – The FBM KLCI is expected to resume its uptrend after a three-quarter downtrend, according to MBSB Research (formerly MIDF).

After enjoying a five-quarter rally from 3Q23 to 3Q24, marked by rising RSI and positive MACD, the index reversed into a downtrend from 4Q24 to 2Q25 alongside falling RSI and negative MACD.

“Currently, both RSI and MACD are showing bullish signals once again, indicating the resumption of an uptrend with positive price performance ahead,” MBSB Research noted.

The research house anticipates the FBM KLCI to establish an upward price trend channel starting 3Q25, with resistance seen at 1,680 points, which was the previous peak in 3Q24.

Trading Strategy:

MBSB Research recommends taking long (buy) positions on select stocks showing favourable weekly technical indicators:

1. Rising yet not overstretched RSI
2. MACD with a rising line and positive histogram

FBM KLCI

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