BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI recouped most of the steep losses from the previous session as bargain hunting emerged on Tuesday.
However, trading activity moderated with 3.61 billion shares changing hands, from 5.11 billion shares in the previous session.
Market breadth turned positive with 929 advancers outpacing 383 decliners, suggesting an improvement in overall market sentiment.
The FBM KLCI is poised to build on yesterday’s recovery as it looks to solidify its position above the 1,700 psychological level following a significant clawback from the week’s earlier rout.
Near-term gains, however, could potentially be capped by on-going geopolitical tensions in the Middle East, which continue to drive oil price volatility.
Also, market participants will be closely monitoring the upcoming US Consumer Price Index (CPI) data for February which could provide further guidance over the prospects of future interest rate direction.
Technically, the FBM KLCI has gapped up and formed a bullish candlestick to re-claim the 1,700 psychological level.
As the local bourse looks to build up on yesterday’s gains, an extension of the recovery could lift the key index towards the immediate resistance located at 1,712 points, followed by 1,720 points.
Downside wise, near-term support is pegged at 1,685 points and thereafter at 1,665 points.
Malacca Securities Research
With solar stocks having experienced sell-offs of over 40% from their peaks, we believe these oversold conditions may be nearing an end, thus creating value-buy opportunities.
We favour Solarvest Holdings Bhd, Samaiden Group Bhd and Pekat Group Bhd, supported by their strong order books and government initiatives such as the National Energy Transition Roadmap (NETR), LSS5+ and Solar ATAP.
Moreover, China’s removal of the VAT (value-added tax) rebate on solar panels could have already been priced in and offset through a stronger ringgit environment and cost pass-through mechanisms.
Besides, we believe there might be a bargain hunting activity emerging in Sunway Bhd as the decline was primarily driven by profit-taking following the ex-date for the Sunway Healthcare Holdings Bhd dividend-in-specie.
Despite FBM KLCI closing on a firmer footing, its technical indicators suggest weak momentum as the MACD histogram is still in the negative region while the RSI is near to the oversold level.
Resistance is seen around 1,716-1,721 with support at 1,681-1,686. – March 11, 2026
