BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its winning run on Tuesday as the buying momentum across the broad-based index heavyweights remain unabated.
The broader market, however, closed mixed with the FBM ACE retreating for the third consecutive day.
Trading activity remained firm at 3.62 billion shares compared with 3.50 billion shares in the previous session while market breadth improved with 712 advancers against 516 decliners.
Following the extended gains, the FBM KLCI could trade on a more cautious tone in the near term as investors adopt a wait-and-see approach ahead of key macro-economic events.
Attention will be on Malaysia’s Producer Price Index (PPI) data which could provide insights into cost pressures at the producer level and potential implications for inflation and corporate margins.
Externally, sentiment will be influenced by the US Federal Reserve’s interest rate decision and policy guidance as any shift in the Fed’s stance could affect global risk appetite, capital flows and regional markets.
Technically, the key index has formed another gap up and subsequently breakthrough both the 1,750 and 1,765 resistances. The next resistances are located at the 1,775 points and 1,790 points respectively.
On the flipside, immediate supports are now move to 1,750 points, followed by 1,740 points.
Malacca Securities Research
As the FBM KLCI has surged strongly in recent weeks, we believe banking heavyweights will continue to lead the key index towards the expected target around the 1,800 zone.
However, we suggest that investors wait for better entry prices as most of the stocks are trading at overbought levels.
Meanwhile, we favour the breakout in 99 Speed Mart Retail Holdings Bhd, underpinned by the elevated ringgit environment, SARA handouts and the Visit Malaysia Year (VMY2026).
Lastly, we notice buying interest in both Reach Ten Holdings Bhd and Ranhill Utilities Bhd with the latter expected to benefit from stronger demand for water utilities and infrastructure driven by substantial data centre developments in Johor.
Tuesday’s session saw the local bourse continued to form new 52-week-high with technical indicators showing positive signals as the MACD histogram expanded above zero while the RSI exceeded the 70 level.
Resistance is anticipated around 1,786-1,791 while support is seen at 1,751-1,756. – Jan 28, 2026
