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 all its previous session’s gains on Thursday to close at its lowest level since December 2025.
Trading activity, however, rose to 3.19 billion shares from 2.77 billion shares in the preceding session. Market breadth turned negative with 623 decliners overtaking 478 advancers, reflecting weaker risk appetite as losses spread across the broader market.
We expect the FBM KLCI to trade with a cautious bias in the near term as investors remain wary of elevated global uncertainties and stretched valuations in selected technology and AI (artificial intelligence)-related names.
Sentiment could also stay subdued amid expectations that the US Federal Reserve may maintain a relatively hawkish stance if inflationary pressures persist.
Market participants will closely monitor the upcoming US Michigan Consumer Sentiment data for further clues on consumer confidence and inflation expectations with any upside surprise potentially reinforcing higher-for-longer interest rate expectations.
Technically, the index could brace for further weakness as the key index approaches the near-term support at 1,660 points, followed by 1,647 points. On the other hand, the near-term resistances are pegged at 1,684-1,693 points.
Malacca Securities Research
Tracking the mixed overnight performance on Wall Street, we expect the FBM KLCI to trade cautiously today.
Following its acquisition of Singapore’s Allied Technologies in January, YBS International Bhd has continued to map out a pattern of higher lows and higher-highs prior to experiencing a technical breakout yesterday.
The acquisition of Allied Technologies is expected to quadruple YBS’s revenue over the next two to three years, expand its international geographic footprint into Vietnam and Thailand and triple its workforce from 1,000 to 3,000.
Lastly, we like SAM Engineering & Equipment (M) Bhd which acts as a pure-play proxy for Applied Materials on the technology front.
Given the FBM KLCI has snapped its gain and continued to close lower, its technical indicators are turning weaker at this current juncture with the MACD histogram having tilted toward the negative region while the RSI is hovering below 50.
Resistance is seen around 1,678-1,683 with support at 1,643-1,648. – June 26, 2026
