BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI experienced its worst day since the Liberation Day announcement in April 2025 as weakness were in tandem across regional markets that was dampened by on-going geopolitical tensions in the Middle East which drove up oil prices.
Trading activities were also brisk with 5.51 billion shares exchanging hands compared to 3.45 billion shares previously as selling activities intensified.
The broader market was painted in red with 1,140 decliners overwhelming 284 advancers, highlighting the widespread selling pressure and bearish sentiment across the market.
With renewed volatility rattling global markets and Bursa Malaysia not spared, the selling pressure is expected to remain elevated as investors continue to digest the latest developments surrounding the escalating tensions in the Middle East.
Meanwhile, concerns over inflationary pressures are re-surfacing following the sharp rebound in oil prices which have surged beyond US$100/barrel, potentially complicating the global interest rate outlook.
Nevertheless, the sharp sell-off yesterday could potentially attract bargain hunting activities as beaten down stocks offers a more compelling valuation and entry point at this juncture.
Technically, the FBM KLCI has gapped down and sank below the 1,685 points support level. Next support is now pegged at 1,670 points, followed by 1,665 points. Meanwhile, the resistances are now set at 1,685 points and thereafter at 1,700 psychological level.
Malacca Securities Research
As crude oil price has dipped below the US$90/barrel mark, we view this as an accumulation phase for local banking stocks, supported by their fundamentals and attractive dividends.
Besides, we favour LBS Bina Group Bhd which is pending a breakout; the company’s total sales reached RM1.4 bil in FY2024 (vs RM1.3 bil in FY2203) and it currently holds unbilled property sales of RM1.3 bil with a 3,970-acre landbank, thus providing clear revenue visibility and a steady pipeline of future projects.
Lastly, we like the bullish engulfing pattern formed by TMK Chemical Bhd (M+ target price: RM1.67), underpinned by (i) increasing demand from hyperscale capex; and (ii) Malaysia’s push into rare earth processing.
The FBM KLCI closed on a weaker footing, with technical indicators suggesting that momentum remains weak with the MACD histogram still in the negative region and the RSI is approaching the oversold level.
Resistance is seen around 1,689-1,694 with support at 1,654-1,659. – March 10, 2026
