BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI retreated for the third straight session on Thursday, weighed down by selling pressure in Malayan Banking Bhd (Maybank) after the release of the quarterly results during the mid-day break as well as the sluggish PPI (Producer Price Index) data (-2.9% year-on-year) in January 2026.
Despite the weaker index performance, trading activity improved with total volume rising to 2.99 billion shares from 2.44 billion shares in the previous session.
The broader market also slipped as evidence by the negative market breadth with 746 decliners outpacing 367 advancers, reflecting broad-based profit-taking.
Going forward, the FBM KLCI is likely to maintain a cautious undertone following the recent pullback as persistent profit-taking suggests that near-term sentiment remains fragile.
The absence of strong bargain hunting indicates that investors are adopting a wait-and-see approach, particularly after the recent stretch of gains.
Market attention will be focused on the upcoming US economic releases, notably the PPI and Chicago PMI, both of which could provide fresh insights into inflationary pressures and business activity in the world’s largest economy.
Technically, the FBM KLCI has formed another bearish candlestick but managed to rebound from its intraday low.
The immediate support is located at 1,734 points, followed by 1,720 points. Meanwhile, the 1,758 level will continue to serve as the immediate resistance, followed by the 1,771 points.
Malacca Securities Research
Overall market conditions may still be in profit-taking mode. Meanwhile, Maybank saw a knee-jerk sell-off which we believe was driven by selected foreign funds.
However, we view this as a buy-on-dip opportunity given Maybank’s consistent track record of dividend payouts, its 14.9% CET1 (Common Equity Tier 1) ratio and its position as the nation’s largest bank.
Similarly, following Sunway Construction Group Bhd’s rally, we expect buying interest to re-emerge in Gamuda Bhd as it holds an outstanding order book of RM45.9 bil which translates to 2.9x FY2025 revenue.
Hence, we believe the oversold position in Gamuda was driven by sentiment with a rebound being likely. Lastly, the market will focus on the Sunway Healthcare Holdings Bhd’s IPO (initial public offering) launch today.
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 approaching 50.
Resistance is envisaged around 1,755-1,760 with support at 1,720-1,725. – Feb 27, 2026
