BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI reversed its previous session’s gains, weighed down by renewed volatility on Wall Street overnight amid mounting concerns over the sustainability of planned AI (artificial intelligence)-related capital expenditure.
Trading volume eased to 3.6 billion shares while market breadth remained firmly negative to reflect broad-based selling pressure across the board.
Looking ahead, the FBM KLCI is likely to mount a rebound, taking cue from the improved sentiment on Wall Street overnight with all 11 major sectors closed in green.
However, cautious positioning may further limit the market’s recovery momentum while the upcoming corporate earnings releases and foreign fund flows will remain key factors influencing market direction.
The broader market is expected trade cautiously with a negative bias in the near term. Meanwhile, the AI-related led recovery on US stock markets could lend support to Bursa Malaysia’s technology sector today.
Following the previous session sharp decline, we reckon the FBM KLCI may attempt to find stability over the interim. The immediate resistances are located at 1,636-1,640 points. Meanwhile the immediate supports are pegged at 1,614 points, followed by 1,600 points.
Malacca Securities Research
Despite concerns over a potential slowdown in US AI infrastructure spending following the mid-term elections, we believe tighter domestic investment conditions could encourage hyperscalers to accelerate overseas expansion, potentially benefiting Malaysia’s data centre ecosystem.
This could support sentiment towards Sunway Construction Group Bhd, MN Holdings Bhd and Ranhill Utilities Bhd.
Separately, heightened cybersecurity concerns following suspected digital intrusions and attacks targeting financial and government infrastructure could drive greater demand for cybersecurity solutions.
This bodes well for LGMS Bhd (M+ Global target price:.70 sen), supported by its recent introduction of AI-powered cybersecurity solutions.
While the local bourse snapped its one-day gain and experienced a dip on Friday, its technical indicators are still showing recovery signals backed by a positive MACD histogram and the RSI approaching the 50 level with overhead resistance sitting at 1,631-1,636 and support established at 1,596-1,601. – Nov 10, 2026
