BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI edged mildly higher on Friday, driven by the final hour buying support in selected index heavyweights but still closed 0.5% lower week-on-week.
Broader market sentiment remained subdued with market breadth staying negative as 683 decliners outnumbered 408 advancers.
Trading activity moderated to 3.02 billion shares from 3.83 billion shares in the previous session as cautious sentiment continued to weigh on overall market liquidity.
Looking ahead, the FBM KLCI could built onto last Friday recovery, influenced in part by the outcome of Japan’s snap election over the weekend.
With Sanae Takechi recorded a landslide victory in the snap election, the near-term regional outlook would likely turn more stable with the reduction of political uncertainty across Asian markets.
The results would also signal policy continuity in Japan, particularly in areas such as monetary accommodation, fiscal stimulus and structural reforms.
Also, the improved performance on Wall Street last Friday could lend strength towards the key index’s potential rebound.
Technically, near-term bargain hunting activities could emerge from the recent pullback with the 1,745 points and 1,755 points serving as the immediate resistances. Meanwhile, the immediate support is located at 1,720 points, followed by the 1,700 psychological level.
Malacca Securities Research
Tracking Wall Street’s positive performance on Friday, we anticipate the FBM KLCI will kick-start the week on a bullish note.
Meanwhile, with a stronger ringgit, we believe sentiment will continue to bode well for the poultry sector.
We favour laggards such as Teo Seng Capital Bhd and CAB Cakaran Corp Bhd following the rally in Leong Hup International Bhd.
Lastly, following the decline in AirAsia X Bhd’s share price, traders should monitor the stock for buying opportunities as AAX is expected to benefit from: (i) completion of a mega-restructuring with Capital A Bhd to consolidate both long-haul and short-haul flights; (ii) the A321LR fleet expansion plan; and (iii) the resumption of legacy routes to London and Bahrain.
The local bourse rebounded on Friday after hitting the EMA20. However, technical indicators suggest the momentum is still weak at this juncture as the MACD histogram has tilted into the negative territory while the RSI remains below the 70 level.
Resistance is seen around 1,747-1,752 with support is at 1,712-1,717. – Feb 9, 2026
