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 decline, surrendering all its intraday gains amid renewed selling pressure in selected banking and data centre-related stocks.
Trading volume fell to 2.8 billion shares while market breadth remained firmly negative to reflect persistent weakness across the board.
Going forward, the FBM KLCI is likely to remain under pressure in the near term with downside risks prevailing amid deteriorating market momentum and cautious investor sentiment.
Selling pressure on Wall Street amid the concerns over stickier inflation which raises the prospects of interest rate hikes may further dampen risk appetite.
The broader market is expected to remain cautious and range-bound in the near term with persistent selling pressure and weak market breadth likely to cap any meaningful recovery.
Meanwhile, the extended weakness in oil prices could see weakness permeates to oil & gas related stocks on Bursa Malaysia today.
We reckon the FBM KLCI may remain volatile over the interim with the 1,600 psychological level in focus. The immediate resistances are located at 1,634-1,640 points. Meanwhile the immediate supports are pegged at 1,600 points, followed by 1,580 points.
Malacca Securities Research
Tracking overnight Wall Street losses, we expect the local bourse to trade softer today.
Nevertheless, investors may look at 5E Resources Holdings Bhd, supported by:
- Its new Pasir Gudang facility which is expected to boost annual treatment and recycling capacity by 80% from 282,000 to 509,000 tonnes;
- Potential waste treatment demand from the government’s B15 biodiesel push; and
- Tightening environmental and ESG regulations.
Meanwhile, heightened cybersecurity concerns following suspected attacks on financial and government infrastructure could bode well for LGMS Bhd (M+ Global target price: 70 sen) while power infrastructure player SKACAP (M+ Global target price: 66 sen) makes its ACE Market debut today.
While the local bourse extended its losses yesterday, technical indicators continue to suggest a potential recovery, supported by a positive MACD histogram and the RSI holding above 30. Immediate resistance is seen at 1,619-1,624 while support is established at 1,584-1,589. – Nov 11, 2026
