BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI managed to recover most of its intraday losses to close marginally lower on Monday.
Trading activity, however, continued to moderate with 2.71 billon shares changing hands compared with 2.94 billion shares in the preceding session.
Market breadth turned slightly positive with 554 advancers edging past 481 decliners, suggesting a tentative stabilisation in sentiment amid continued selective participation across the broader market.
The FBM KLCI could trade with a cautious and event-driven tone in the near term as investors shift their focus onto key macroeconomic releases.
Sentiment will likely be guided by upcoming China manufacturing PMI data which will provide insight into regional demand conditions and industrial activity as well as the US consumer confidence data which remains a key gauge for global consumption resilience.
In the absence of strong domestic catalysts, the index may continue to exhibit range-bound trading with intermittent profit-taking while the cooling geopolitical tension between US and Iran could offer temporary relief.
Technically, the key index has formed a hammer candlestick, implying signs of bargain hunting activities.
With the key index attempting to find stability, the immediate resistances are pegged at 1,684-1,693 points. Meanwhile, near-term supports are at 1,660 points, followed by 1,647 points.
Malacca Securities Research
Tracking Wall Street’s positive overnight performance, we expect the FBM KLCI to stage a rebound today while awaiting further clues from the US–Iran talks in Doha.
Meanwhile, we favour both Ambest Group Bhd and Leong Hup International Bhd; the former is seeing increasing demand for advanced precision machining and sheet metal fabrication amid the semiconductor upcycle while the latter is set to benefit from declining corn and wheat prices.
Lastly, industrial lifting and handling equipment specialist Liftech Group Bhd (M+ target price: 35 sen) will make its ACE Market debut today.
The FBM KLCI experienced a drop with its technical indicators still showing weak momentum at this current juncture as the MACD histogram has tilted towards the negative region while the RSI is hovering below 50.
Resistance is seen around 1,680-1,685 with support at 1,645-1,650. – June 30, 2026
