BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI advanced on Friday, recouping all its earlier weekly losses to finish 0.7% week-on-week higher as easing concerns over geopolitical tensions in the Middle East lifted overall market sentiment.
Trading activity also improved with total volume rising to 2.85 billion shares from 2.64 billion shares in the previous session.
Market breadth remained positive with 648 advancers outpacing 443 decliners, reflecting improved risk appetite and broad-based buying interest across the market.
The FBM KLCI is expected to extend its recovery amid improving risk sentiment although gains may remain measured as investors await fresh catalysts.
Market attention is likely to shift to the commencement of the US corporate earnings season where earnings guidance and management commentary will provide insights into the resilience of corporate fundamentals amid a still-elevated interest rate environment.
Investors will also closely monitor the upcoming US inflation data later tonight which could shape expectations for the US Federal Reserve’s policy trajectory and influence global fund flows.
Technically, the key index has gapped up to close at its highest level in two weeks and looks to build on recent gains.
The immediate resistance has now shifted to the 1,700 psychological level, followed by 1,711 points. On the contrary, near-term supports are pegged at 1,676 points and 1,668 points respectively.
Malacca Securities Research
We expect positive sentiment to spill over following confirmation that the Strait of Hormuz remains open.
The energy sector is expected to soften as Brent crude prices pull back, prompting funds to shift toward domestic growth stories.
We favour AGX Group Bhd for its 2.2-sen special dividend (~5.2% yield) ahead of its Wednesday’s (July 15) ex-date, backed by an aerospace logistics monopoly that effortlessly passes on surging freight tariffs.
Meanwhile, Mi Technovation Bhd (MI) remains a resilient tactical buy with its upcoming SGX Mainboard spin-off acting as an independent corporate re-rating catalyst.
Following its rebound, the FBM KLCI has moved above its short-term moving average. The MACD Histogram has expanded positively while the RSI has crossed above the 50 threshold.
The benchmark index’s resistance will be located around the 1,707-1,722 range while support is envisioned around the 1,662-1,677 levels. – July 13, 2026
