BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI traded on a tight range before closing relatively flat last Thursday ahead of the extended weekend break.
This also follows Bank Negara Malaysia’s (BNM) decision to keep interest rates unchanged. The lower liners also retreated on profit taking activities from the previous session’s gains.
Meanwhile, trading activities declined to 2.32 billion shares from 2.7 billion shares in the previous session as investors retreated to the sidelines ahead of the extended weekend break. Expectedly, market breadth was negative for the day.
Following the holiday-shortened trading week, we expect market sentiments to remain largely indifferent in the absence of significant fresh catalysts.
The recently concluded corporate earnings reporting season offered little upside surprises, suggesting that investors may continue to face an extended period of consolidation.
In the near term, market participants may continue to adopt a wait-and-see stance for clearer macro or policy signals.
Moreover, persistent foreign fund outflows could remain an overhang, effectively capping any meaningful rebound on the FBM KLCI.
Following the recent pullback, however, the local bourse could find stability and oscillates within a tight trading range. Immediate resistance will be located at 1,588 points, followed by the 1,603 level, which is the upper range of the consolidation pattern.
On the flipside, near term supports remain at 1,560 and 1,550 points respectively.
Malacca Securities Research
Given the broadly negative overnight performance in the US, we anticipate the local bourse will begin the week on a weaker note.
However, solar-related companies should continue to see healthy buying support following the recent rollout of LSS5+.
We view Solarvest Holdings Bhd, Pekat Group Bhd and Northern Solar Holdings Bhd as the major proxies riding on government initiatives like National Energy Transition Roadmap (NETR), Net Energy Metering (NEM) and Large-Scale Solar (LSS).
Meanwhile, we expect the ongoing data centre boom to provide healthy buying support for construction stocks.
In this segment, we like Jati Tinggi Group Bhd and Lim Seong Hai Capital Bhd; the latter is deemed undervalued given its 6x-7x order book coverage ratio.
For a conservative play, traders should focus on consumer stocks like Spritzer Bhd given its recent stellar results.
The FBM KLCI hovered around the flatline on Thursday, with contradicting technical indicators, as the MACD histogram has expanded negatively while the RSI hooked downward below 70.
Resistance is anticipated around 1,593-1,598 while support is located at 1,558-1,563. – Sept 8, 2025
