BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI recouped all its intraday losses to close marginally higher on Thursday, driven by gains across PETRONAS-related and utility heavyweights.
Trading activity, however, moderated with 3.32 billion shares exchanging hands from 3.97 billion shares in the previous session.
Market sentiment turned fairly even with 562 advancers vs 561 decliners, suggesting that buying interest was largely concentrated in selected heavyweight stocks.
The FBM KLCI could be attempting to find stability following recent volatility with near-term sentiment likely to hinge on upcoming domestic economic releases, particularly Malaysia’s Industrial Production Index (IPI) and Retail Sales data later today.
Meanwhile, US President Donald Trump has called off strikes on Iran which could provide a potential relief recovery to the local bourse.
Hence, the FBM KLCI is expected to build onto recent stability as market participants assess fresh economic signals and corporate developments.
Technically, the key index traded in a narrow range and is turning into a consolidation pattern.
The immediate resistance remains located at the 1,693 points, followed by the 1,700 psychological level. On the flipside, near-term support is pegged at 1,672 points and thereafter at 1,665 points.
Malacca Securities Research
Following e strong overnight rebound in the US, we believe the positive sentiment will spill over into the local bourse today.
Stock-wise, we continue to favour MN Holdings Bhd and CBH Engineering Holding Bhd as both are now poised for breakouts and are fundamentally supported by the country’s data centre construction upcycle and Tenaga Nasional Bhd’s grid upgrades.
THMY Holdings Bhd represents another “picks and shovels” play in the AI (artificial intelligence) and semiconductor gold rush with the stock is currently pending a breakout.
Lastly, Asia’s largest cocoa grinder Guan Chong Bhd may be decent for a pullback entry as it has formed a bullish candlestick.
While the FBM KLCI has rebounded, its technical indicators are still suggesting weak momentum at this current juncture with the MACD histogram still in the negative region and the RSI hovering below 50.
Resistance is seen around 1,694-1,699 with support at 1,659-1,664. – June 12, 2026
