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 on Thursday as sentiment turned cautious ahead of the highly anticipated meeting between US President Donald Trump and China’s President Xi Jinping with investors adopting a wait-and-see approach pending the outcome of the talks.
Trading activity moderated to 3.91 billion shares from 4.15 billion shares in the previous session.
Market breadth stayed negative with 600 decliners overpowering 557 advancers, underscoring a subdue risk appetite across the broader market.
Looking ahead, the FBM KLCI is expected to trade cautiously in the near term with near-term market direction likely to be shaped by two key catalysts.
On the domestic front, investors will be closely watching Malaysia’s 1Q 2026 GDP (gross domestic product) data due for release later in the noon for a clearer read on the health of the domestic economy.
On the external front, all eyes remain on the details emerging from the Trump-Xi meeting where investors will scrutinise onto any announcements pertaining to trade tariffs, technology restrictions and the broader trajectory of US-China relations.
Technically, the key index has formed another bearish candlestick extend its pullback mode. The near-term supports are at 1,739 points, followed by 1,732 points. Meanwhile, the immediate resistance is located at 1,754 points, followed by 1,760 points.
Malacca Securities Research
Domestic technology stocks continue to gather strong momentum with EG Industries Bhd emerging as the primary focus after securing a RM949 mil purchase order.
This propelled its share price to an all-time high of RM1.59 before paring its gains to close at RM1.49. Following the integration of this contract into our previous nonrated coverage, we have derived a fair value range of RM2.37-RM3.33, thus providing a benchmark for investors looking towards FY2027.
Finally, we maintain an optimistic stance on the utilities and solar sectors, including MN Holdings Bhd, CBH Engineering Holding Bhd, Pekat Group Bhd and Solarvest Holdings Bhd, capitalising on Malaysia’s data centre boom and the National Energy Transition Roadmap (NETR).
While the FBM KLCI dipped marginally, the technical indicators are started to show mixed signals as the MACD histogram started to expand toward the negative territory while the RSI is trading above 50.
Resistance is seen around 1,760-1,765 with support at 1,725-1,730. – May 15, 2026
