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 marginally higher on Friday but still capped off the volatile week with a 2.6% week-on-week decline.
Trading activity moderated with 2.94 billion shares changing hands from 3.19 billion shares in the preceding session.
Market breadth remained firmly negative with 729 decliners outnumbering 334 advancers, reflecting persistent risk aversion and broad-based selling pressure across the broader market.
The FBM KLCI could remain under pressure in the near term as weak market sentiment and cautious investor positioning continue to weigh on performance.
The absence of strong domestic catalysts coupled with lingering concerns over the global interest rate outlook, on-going geopolitical uncertainties and profit-taking in selected heavyweight counters could keep the benchmark index on the defensive.
While intermittent bargain hunting may emerge following the recent pullback, upside is likely to be capped unless supported by an improvement in external risk appetite and stronger institutional buying interest.
Technically, the index drifted lower as the key index is nearing the immediate support at 1,660 points with the next support at 1,647 points. Meanwhile, the near-term resistances are pegged at 1,684-1,693 points.
Malacca Securities Research
Following the US-Iran agreement to halt attacks ahead of the Doha talks this Tuesday, we believe sentiment will bode well for the local bourse today.
Meanwhile, we continue to favour water-related companies such as Ranhill Utilities Bhd and ISF Group Bhd, supported by increasing demand driven by on-going data centre (DC) developments in the country.
Lastly, buying interest also re-emerged in solar-related companies such as Solarvest Holdings Bhd, Pekat Group Bhd and Samaiden Group Bhd last Friday, underpinned by policy tailwinds such as LSS5 and LSS6 as well as the on-going data centre and AI (artificial intelligence) supercycle.
While the FBM KLCI experienced a marginal gain, its technical indicators are still showing weak momentum at this current juncture with the MACD histogram having tilted towards the negative region while the RSI is hovering below 50.
Resistance is seen around 1,682-1,687 with support at 1,647-1,652. – June 29, 2026
