BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI rebounded to snap a four-day losing streak as bargain hunting emerged following recent weakness with half of the key index components advanced.
Trading activity, however, remained subdued with total volume declining to 3.19 billion shares from 3.58 billion shares in the previous session.
Market breadth remained weak with 763 decliners outnumbering 342 advancers, suggesting that the recovery was largely driven by selected key index heavyweights.
Going forward, the FBM KLCI could remain volatile after Gulf states have postponed a meeting with Iran over the future the strait of Hormuz.
Market participants are likely to take cues from China’s retail sales and industrial production data slated to be released later today for indications of domestic demand and manufacturing activity in the region while developments in global markets and commodity prices could continue to influence sentiment.
We expect the index to be volatile pending stronger catalysts to drive a more sustained recovery.
Technically, the local bourse has formed a bullish candlestick and could take a jab towards the 1,700 psychological level.
A successful breakthrough could lift the key index towards the immediate resistances located to 1,714 points, followed by 1,722 points. Meanwhile the supports remain located at 1,680 points and 1,676 points respectively.
Malacca Securities Research
Given that the local bourse will be closed tomorrow while the US enters its Federal Open Market Committee (FOMC) meeting later today, we anticipate a softer tone for the FBM KLCI today.
Meanwhile, the elevated oil price environment should bode well for chemical-related companies such as Lotte Chemical Titan Bhd and Samchem Holdings Bhd.
While the AI slowdown commentary in the US might temporarily affect sentiment for local technology counters, we continue to favour factory automation solutions provider Greatech Technology Bhd, supported by its RM1.8 bil order book with data centre-related jobs now accounting for more than half of its outstanding contracts.
The RM1.8 bil order book translates into 2.4x FY2025 revenue with the group’s management expecting RM2.0 bil by year-end.
While the FBM KLCI experienced a rebound, it is still trading below the MA200 with technical indicators showing weakening signals as the MACD histogram is still trading at its negative territory while the RSI is hovering below 50.
Key resistance lies within 1,713-1,718 with support expected around 1,678-1,683. – Sept 15, 2026
