BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI edged lower on Tuesday, reversing all of its intraday gains and bucking the recovery trend seen across most regional peers.
Trading activity, however, picked up with total volume rising to 3.76 billion shares from 3.48 billion shares in the prior session.
Market sentiment showed some improvement but remained in negative territory with decliners edging advancers by 570 to 533 stocks.
Looking ahead, the FBM KLCI is attempting to stabilise after recent bouts of volatility though the path to a sustainable recovery remains tentative.
Near-term direction will be heavily influenced by external cues with investors keeping a close watch on the upcoming US inflation print slated to be release later tonight which is a key data point that could meaningfully shift market expectations around the US Federal Reserve’s rate trajectory.
A hotter-than-expected reading risks reigniting risk-off sentiment and weighing on regional equity markets including Bursa Malaysia and vice versa.
Technically, the key index has formed a bearish candlestick with the immediate support is located at the 1,672 points and thereafter at 1,665 points. Meanwhile, the near-term resistance remains pegged at the 1,700 psychological level, followed by the 1,707 points.
Malacca Securities Research
Following Wall Street’s strong sell-down yesterday, we believe the local bourse will face extended selling pressure today, particularly in the tech sector which will create buy-on-the-dip opportunities.
Meanwhile, we continue to favour the utilities sector due to the on-going data centre boom with Ranhill pulling back from its recent high, hence creating an attractive entry level while CBH Engineering Holding Bhd is now poised for a further breakout.
Lastly, with Indonesia’s aggressive roll-out of the B45/B50 biodiesel mandate coupled with the anticipation of El Niño in the coming months, we believe sentiment will bode well for plantation counters, thus benefitting SD Guthrie Bhd, Sarawak Oil Palms Bhd and United Plantations Bhd.
The FBM KLCI retreated further with its technical indicators still trading at a negative momentum at this current juncture as the MACD histogram is trending in the negative territory while the RSI is trading below 50.
Resistance is seen around 1,690-1,695 with support at 1,655-1,660. – June 10, 2026
