BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its losing streak for a third consecutive session, bucking the broadly positive performance across regional peers.
Trading activity improved with total volume surging to 4.91 billion shares from 3.60 billion shares in the previous session following implementation of the FTSE quarterly re-balancing.
Market breadth turned positive with 623 advancers against 562 decliners, suggesting some improvement in market sentiment as early signs of bargain hunting emerged.
Going forward, we expect bargain hunting interest to gradually emerge as the FBM KLCI heads towards oversold territory following its recent weakness.
This could provide some near-term support to the index, particularly among fundamentally sound stocks that have come under selling pressure.
Nonetheless, any potential recovery could be choppy as investors may remain selective amid prevailing uncertainties over the geopolitical tension in the Middle East with the index likely to remain volatile in the near term.
Technically, the key index has formed another bearish candlestick to extend its pullback mode. The immediate resistances remain located at 1,687 points, followed by 1,700 points. Meanwhile the supports are now shifted to 1,655 points and 1,650 points respectively.
Malacca Securities Research
On the domestic front, we expect the FBM KLCI to trade on a mixed note with elevated yields and oil prices keeping sentiment measured though stock-specific opportunities remain.
ISF Group Bhd is positioned to benefit from hyperscale data-centre development, supported by its RM153.5 mil unbilled order book and earnings visibility through FY2029.
Within the technology sector, Dufu Technology Corp Bhd remains well positioned to ride the HDD (hard disk drive) recovery driven by stronger component sales.
Elsewhere, NationGate Holdings Bhd provides exposure to the optical-networking upcycle with its longer-term earnings outlook tied to new US programmes.
Meanwhile, Hartanah Kenyalang Bhd’s earnings are well supported by its record RM800.5 mil order book following the RM283.9mil Wisma JKR Sarawak award.
The FBM KLCI may stage a technical rebound with the RSI hovering near oversold territory at 30 while the MACD histogram appears to be forming a rounding bottom.
Key resistance is seen at 1,680-1,695 while support is anchored at 1,635-1,650. – Sept 21, 2026
