BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI snapped a three-day losing streak, supported by bargain hunting as the key index outperformed its mostly weaker regional peers.
Trading activity, however, moderated with total volume declining to 4.21 billion shares from 5.53 billion shares in the previous session.
Market breadth remained negative with 726 decliners against 424 advancers, suggesting that weakness across the broader market remained unabated.
Going forward, we expect the FBM KLCI to remain range-bound with a slight positive bias, supported by bargain hunting following the recent pullback alongside with the improved sentiment on Wall Street overnight.
Investors will be keeping a close tab on Bank Negara Malaysia’s (BNM) interest-rate decision later today whereby the OPR (overnight policy rate) is widely expected to remain unchanged at 2.75%, premised to the robust domestic growth momentum and still-contained inflationary pressures.
Meanwhile, the US ISM Services PMI will be watched later tonight for further clues on the health of the US economy and global risk appetite.
Technically, the local bourse has formed a mild bullish candlestick to defend the 1,700 psychological level.
An extended bargain hunting could lift the key index towards the immediate resistances located at 1,722 points, followed by 1,727 points. Meanwhile, near-term supports remain pegged at 1,700 points and 1,686 points respectively.
Malacca Securities Research
The FBM KLCI is anticipated to rebound further following recent selling pressure, driven by selective earnings and thematic plays despite elevated oil prices and bond yields.
We favour WTK Holdings Bhd, supported by stronger plantation contributions following its RM555 mil acquisitions, firmer CPO (crude palm oil) prices and an enlarged planted area of c.32,000 hectares.
Meanwhile, Ambest Group Bhd remains well-positioned across the semiconductor, AI (artificial intelligence) data centre and automation sectors with its 2Q FY20226 net profit surging over eight-fold quarter-on-quarter (qoq) to RM3.44 mil on higher orders and capacity expansion.
Lastly, Samaiden Group Bhd may benefiting from Malaysia’s renewable energy push following its RM290 mil LSS5 contract for a 95MW solar plant in Hilir Perak which should be earnings accretive.
The FBM KLCI rebounded as technical indicators showed encouraging signs. The MACD histogram continues to form a rounding bottom while the RSI holds firm above 50.
Key resistance lies within 1,724-1,739 while near-term support is expected around 1,679-1,694. – Sept 3, 2026
