BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI rebounded on Wednesday in tandem with the mostly positive performances across regional markets on growing optimism over a potential ceasefire in the Middle East.
Trading activity, however, moderated with 2.91 billion shares exchanging hands from 3.35 billion shares in the previous session as sentiment remained somewhat cautious.
Market breadth turned slightly positive with 582 advancers against 507 decliners, underscoring an improved market undertone.
Looking ahead, the near-term outlook for the FBM KLCI carries a slight positive bias, underpinned by improving regional sentiment and a tentative return of risk appetite as geopolitical tensions show signs of easing.
This could encourage selective accumulation, particularly on index-linked heavyweights and sectors tied to domestic growth resilience.
Nevertheless, upside momentum is likely to remain measured rather than aggressive as investors continue to balance optimism with caution over the lingering uncertainties.
Technically, the FBM KLCI has gapped up to close mildly higher and could attempt to build onto yesterday’s gains.
A successful breakout above the 1,720 points resistance could pave way towards the next resistance located at 1,737 points to be retested. Meanwhile, the 1,708 level serves as the near-term support, followed by the 1,700 psychological level
Malacca Securities Research
As global markets turned slightly bullish amid developments in US-Iran tensions, sentiment for the FBM KLCI is expected to edge higher.
However, should ceasefire efforts fail to reach a consensus and causing oil prices to remain elevated, we believe investors should position themselves early in technology counters.
This thesis is supported by the fact that high oil prices drive persistent inflation in the US, thus prompting the US Federal Reserve to remain hawkish.
Thus, a stronger greenback could benefit technology stocks such as UWC, Inari Amertron Bhd and EG Industries Bhd, hence allowing them to capitalise on both the robust growth in AI (artificial intelligence)/semiconductors and favourable foreign exchange tailwinds.
The FBM KLCI rebounded with technical indicators suggesting recovery signals at the current juncture as the MACD histogram has expanded into the positive region while the RSI has crossed above 50.
Resistance is seen around 1,731-1,736 with support at 1,696-1,701. – March 26, 2026
