BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI closed on a flattish note on Friday after trading largely in a directionless manner throughout the session with the benchmark index recording a 0.5% week-on-week decline.
Trading activity eased slightly to 2.98 billion shares from 3.01 billion shares, thus reflecting more cautious participation amid the prevailing negative market sentiment.
Market breadth remained weak with 606 decliners outpacing 415 advancers, indicating continued selling pressure across the broader market.
Following a directionless move last Friday with the local market sentiment remaining fragile and the unabated volatility on Wall Street, the local bourse could continue to trade on a cautious manner.
While the government’s recently adjusted fuel subsidy measures have provided a mild sentiment floor, the lack of robust buying catalysts and a thinning of the trading volume suggest a wait-and-see approach among institutional players.
For now, investors will continue to keep a close watch on the geopolitical developments in the Middle East that could shape the market direction over the near term.
The FBM KLCI formed a doji candlestick and looks to hold above the 1,700 psychological level which also acts as the near-term support, followed by 1,685 points. On the flipside, the immediate resistances are situated at 1,720 points and at 1,737 points.
Malacca Securities Research
Selling pressure from Wall Street is expected to spill over into the local bourse.
However, we remain optimistic about Binastra Corp Bhd following its robust earnings results, supported by a sizeable order book of approximately RM7.1 bil which represents an order book coverage ratio of 4.1x coupled with its diversified revenue portfolio.
Also, we anticipate buying interest to re-surface for downstream data centre proxies such as MN Holdings Bhd following recent project wins and its strong positioning to leverage Tenaga Nasional Bhd’s on-going capex roll-out which is expected to extend until the year-end.
Furthermore, positive developments within the national utilities sector should continue to provide a healthy project pipeline.
The FBM KLCI closed on a weaker footing with technical indicators suggesting weaker signals at the current juncture as the MACD histogram has formed a rounding top while the RSI closed below 50.
Resistance is seen around 1,725-1,730 with support at 1,690-1,695. – March 30, 2026
