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 decline on Wednesday, hovering in the negative territory throughout the trading session amid persistent selling pressure in selected heavyweights.
Despite the weaker undertone, trading activity improved with total volume rising to 2.52 billion shares from 2.23 billion shares in the previous session.
Market breadth, however, turned fairly even with 539 advancers against 541 losers, reflecting a cautious and selective stance among investors as buying interest in lower-liners and small-cap stocks lifted the FBM Small Cap slightly higher.
Looking ahead, the FBM KLCI is likely to trade with a cautious undertone in the near term amid the lingering profit taking activities with investors turning their attention to upcoming macro releases, particularly Malaysia’s Producer Price Index (PPI) and the latest US jobs data.
A firmer domestic PPI reading could rekindle concerns over cost pressures and margin compression across selected sectors while a stronger-than-expected US non-farm payrolls print may reinforce the higher-for-longer rate narrative, potentially dampening risk appetite in emerging markets.
Technically, the FBM KLCI has formed a bearish candlestick to retain its movement within the consolidation band. Immediate support is located at 1,734 points, followed by 1,720 points.
Meanwhile, the 1,758 level will serve as the immediate resistance, followed by the 1,771 points.
Malacca Securities Research
Overall market sentiment is expected to stay positive following the overnight rally on Wall Street and Nvidia’s results.
Meanwhile, following Solarvest Holdings Bhd’s decent 3Q FY3/2026 results, we expect accumulation to emerge, supported by a sizeable RM1.54 bil unbilled order book coupled with a healthy RM472.8 mil cash and short-term investment position.
Year-on-year (yoy), the RE (renewable energy) leader posted 40.7% and 72.6% growth in its 3Q FY3/2026 and 9M FY3/25 net earnings respectively. driven by the large-scale solar 5+ programme (LSS5+) and Corporate Green Power Programme (CGPP).
While the market remains concerned that the removal of China’s 9% VAT export rebate will increase solar module costs, Solarvest has locked in prices for sizable volumes in late 2025, effectively insulating its margins from these hikes.
The FBM KLCI continued to close on a weaker footing. Moreover, technical indicators suggest momentum is weak at this juncture as the MACD histogram remains tilted in the negative region while the RSI is trading below 70.
Resistance is envisaged around 1,762-1,767 with support at 1,727-1,732. – Feb 26, 2026
