BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI remained under pressure as the key index slipped below the 1,600 psychological level with half of the key index components closed in red.
Trading volume, however, inched up to 2.9 billion shares while market breadth turned positive as the lower liners mounted a mild recovery.
While the near-term outlook for the FBM KLCI remains cautious, a potential rebound could materialise, taking cue from the positive developments on Wall Street overnight as concerns over AI (artificial intelligence) developments eased following the strong guidance from CoreWeave.
The local bourse looks to reclaim the 1,600 points over the interim as bargain hunting filters in.
The broader market outlook remains cautiously optimistic, supported by improving market breadth and renewed buying interest in lower-liners.
We reckon the Bursa Malaysia Technology sector could extend its recovery from the SMA200 level by riding onto the positive performance on Nasdaq overnight.
For now, a sustained recovery above 1,600 would be important to restore confidence and improve the near-term technical outlook.
The immediate resistances are located at 1,616-1,634 points. Meanwhile the immediate supports are now shifted to 1,590 points, followed by 1,580 points.
Malacca Securities Research
Tracking Wall Street’s overnight rebound, we expect the local bourse to trade higher today.
Meanwhile, SoftBank, Grab and PETROS’s proposed US$1.85 bil (RM7.5 bil) AI infrastructure investment could further strengthen Malaysia’s position as a regional AI hub.
This development would potentially benefit construction and power infrastructure players such as Gamuda Bhd, Binastra Corp Bhd, MN Holdings Bhd and CBH Engineering Holding Bhd.
The consortium’s long-term target of at least 5GW of AI compute capacity could also spur demand for data centre M&E (mechanical and electrical engineering) services, cooling systems and electrical distribution equipment.
This would thus benefit Powerwell Holdings Bhd, EITA Resources Bhd, KJTS Group Bhd and upcoming ACE Market debutant MyDCD Bhd (M+ Global target price: RM1.07) on Nov 17.
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 1,610-1,615 while support is established at 1,575-1,580. – Nov 12, 2026
