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, reversing all of its previous session’s gains with the key index declining 1.0% week-on-week.
Trading activity improved with total volume rising to 4.34 billion shares from 3.91 billion shares in the previous session.
Market breadth turned slightly negative with 568 decliners outpacing 523 advancers as investors took quick profits following the recent gains.
Going forward, we expect the FBM KLCI is likely to remain range-bound in the near term amid cautious sentiment and continued profit-taking following recent gains.
External developments will remain a key focal point to dictate the direction of the local bourse, particularly on geopolitical developments revolving around Middle East and their impact on oil prices.
Elsewhere, investors will also closely monitor the US jobs data which reported a blowout monthly data for August which reinforces prospects of the Federal Reserve rate expectations.
With the key index forming a bearish candlestick and unable to build onto recent gains, a consolidation beckons over the near-term.
The immediate resistances are 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 expected to remain supported above the 1,700 psychological level although buying interest may stay selective amid a cautious broader market backdrop.
Focus should remain on stock-specific catalysts across infrastructure, renewable energy and industrial growth plays.
Pekat Group Bhd remains a beneficiary of Malaysia’s renewable-energy push, with recent strength bringing the stock close to its 52-week high.
Kee Ming Group Bhd is supported by an indicative order book of approximately RM246 mil and growing exposure to data centre M&E (mechanical and electrical) works.
Sabah-based Life Water Bhd offers a more defensive angle following strong FY2026 earnings, underpinned by resilient East Malaysian beverage demand and expanded production capacity.
Gamuda Bhd also remains well supported by its record RM59.6 bil order book and expanding data centre exposure which provide strong earnings visibility.
The FBM KLCI maintains a defensive technical outlook as an expanding negative MACD histogram and an RSI nearing 30 signal persistent selling pressure.
Resistance sits at 1,723-1,738 while support is established at 1,678-1,693. – Sept 7, 2026
