BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its gains on Monday to mark its third consecutive day of advance, supported by buying interest in PETRONAS-linked and property heavyweights.
Trading activity, however, moderated to 2.69 billion shares from 2.83 billion shares in the previous session.
Despite the benchmark’s gains, market breadth turned negative with 620 decliners outnumbering 403 advancers, indicating that profit-taking activities were evident across the broader market.
The FBM KLCI is poised to enter a near-term consolidation phase following its recent rebound as investors may lock in profits while awaiting fresh catalysts.
Market sentiment is likely to remain cautious ahead of release of the US trade data later tonight which could provide further insights into the strength of global trade and its implications for economic growth.
Nevertheless, bargain hunting in fundamentally sound large-cap stocks may help cushion downside risks and keep the benchmark index within a stable trading range.
Technically, the key index has gapped up and formed a doji candlestick, signalling uncertainty in market direction.
The immediate resistances remain located at 1,684-1,690 points. On the contrary, near-term supports are pegged at 1,656 points and 1,648 points respectively.
Malacca Securities Research
Tracking Wall Street’s positive overnight performance, we anticipate that sentiment to stay positive on the local bourse today.
Stock-wise, we favour Solarvest Holdings Bhd and 99 Speed Mart Retail Holdings Bhd, the former is a direct beneficiary of the LSS5 and LSS6 construction boom alongside on-going government initiatives such as the National Energy Transition Roadmap (NETR) and Corporate Green Power Programme (CGPP).
Meanwhile, prospect of an early 16th General Election (GE16) could benefit the latter through a potential influx of government cash hand-outs.
Lastly, automated wellness and vending massage chair operator RNG Tech Bhd (M+ target price: 13 sen) will make its ACE Market debut today.
With the FBM KLCI having rebounded, its technical indicators are showing recovery signals at this current juncture with the MACD histogram started to expand towards the positive region while the RSI is also approaching 50.
Resistance is seen around 1,698-1,703 with support at 1,663-1,668. – July 7, 2026
