BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI edged lower, weighed by concerns over the prolonged US-Iran stand-off in the Middle East in line with the mostly negative performance across regional markets.
Trading activity, however, improved slightly with total volume rising to 3.99 billion shares from 3.67 billion shares in the previous session.
Market breadth remained negative with 656 decliners outnumbering 534 advancers, indicating broad-based selling pressure.
Looking ahead, we expect the FBM KLCI to remain cautious amid persistent geopolitical uncertainties and elevated oil prices with Brent crude remaining above US$100/barrel as tensions in the Middle East escalate.
Investors will also monitor Malaysia’s upcoming retail sales and unemployment data for signs of resilience in domestic consumption and the labour market while US inflation data will be closely watched for its implications on the Federal Reserve’s rate outlook.
Technically, the key index has formed a bearish candlestick and looks to re-test the 1,700 psychological level. Failure to defend the aforementioned level could sent the key index lower towards the supports at 1,686 points and 1,680 points respectively.
Meanwhile, the immediate resistances are located at 1,722 points, followed by 1,727 points.
Malacca Securities Research
Closer to home, we expect the FBM KLCI to trade cautiously amid elevated global yields and oil prices while interest in the data centre theme should remain intact.
Pekat Group Bhd remains in focus after securing RM57.2 mil of new hyperscale data centre subcontracts in Johor.
YTL Power International Bhd is supported by sequentially stronger 4Q FY2026 earnings and its proposed gigawatt-scale data-centre campus at Sedenak Tech Park.
Meanwhile, Jati Tinggi Group Bhd remains well-positioned to benefit from continued power infrastructure spending following its RM69.5 mil Tenaga Nasional Bhd (TNB) contract for a new 132/33kV GIS substation and 132kV overhead line in Tumpat, Kelantan alongside its RM46.7 mil underground cable subcontract.
The FBM KLCI ended lower on Thursday with momentum indicators maintaining a defensive tone. Backed by a negative MACD histogram and an RSI holding near 50, overhead resistance sits at 1,721-1,736 while near-term support is established at 1,676-1,691. – Sept 11, 2026
