BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI retreated on Thursday as renewed geopolitical tensions in the Middle East dampened investor sentiment while Bank Negara Malaysia (BNM) kept its benchmark Overnight Policy Rate (OPR) unchanged as widely expected.
Trading activity moderated to 2.64 billion shares from 2.96 billion shares in the previous session.
Market breadth turned slightly positive with 533 advancers edging past 504 decliners, reflecting an improved sentiment on rotational play across the broader market.
The FBM KLCI is poised to rebound today as easing concerns over geopolitical tensions in the Middle East improve risk appetite and amid renew interest in higher-yielding assets.
Nevertheless, the situation remains fluid with investors expected to remain vigilant for any fresh developments that could influence market sentiment.
Domestically, attention will shift to the upcoming Malaysia retail sales and unemployment rate data.
Resilient economic indicators could lend support to market sentiment and reinforce expectations of a stable domestic economic outlook although external uncertainties are likely to keep gains capped in the near term.
Technically, the key index continues to trade in a tight manner. The immediate resistances are located at 1,690-1,700 points. On the flip side, near-term supports are pegged at 1,670 points and 1,656 points respectively.
Malacca Securities Research
With the rebound in global markets coupled with a slide in Brent crude oil prices as the market becomes immune to the US-Iran tension, we expect the FBM KLCI to stay positive for the session.
Markets may continue trading the technology sector alongside domestic plays with decent catalysts.
We favour Insights Analytics Bhd due to (i) its massive RM420m tender pipeline; (ii) upcoming high-margin AI/IoT Digital Twin commercialisation; and (iii) its strong net cash position for large utility projects.
Meanwhile, the recent price drop in UWC Bhd offers a decent “buy the dip” opportunity ahead of the cyclical tech hardware recovery.
Lastly, Stratus Global Holdings Bhd (M+ target price: RM2) closes its IPO application (80 sen/share) at 5pm today (July 10).
With the FBM KLCI having rebounded, its technical indicators are showing recovery signals at this current juncture with the MACD histogram expanding towards the positive region while the RSI is also nearing 50.
Resistance is seen around 1,692-1,707 with support at 1,662-1,670. – July 10, 2026
