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 marginally lower on Friday yet managed to cap off the week 1.5% week-on-week higher, buoyed by the three-week extension of the Israel-Lebanon ceasefire.
Trading activity, however, retreated with 3.23 billion shares exchanging hands, down from 3.49 billion shares in the previous session.
Market breadth was fairly even with 575 advancers nudging 530 decliners, reflecting a cautious sentiment among investors.
The FBM KLCI may continue to consolidate near current levels after ending the week on a steadier footing, supported by improved geopolitical sentiment following the ceasefire extension.
While the recent weekly gain could encourage mild bargain hunting in selected index heavyweights, upside momentum may remain capped amid cautious participation and lighter trading volumes.
Investors are likely to adopt a wait-and-see approach in the near term with attention turning to Malaysia’s upcoming PPI data for indications on cost pressures and their potential implications on corporate margins and overall market sentiment.
Technically, the key index has formed a slight bearish candlestick, reflecting mild profit taking. Near-term resistances remain located at 1,732-1,740 points. Meanwhile, the immediate support is at 1,710 points, followed by the 1,700 psychological level.
Malacca Securities Research
As the planned US-Iran negotiations in Pakistan appearing unlikely to proceed, we expect the FBM KLCI to open the week on a lacklustre note.
Meanwhile, amid the absence of signs of de-escalation in the Middle East, Malaysia is well-positioned to benefit from increased data centre investment due to its reputation as a strategically secure hub.
This trend is likely to attract further hyperscalers, bolstering companies such as Sunway Construction Group Bhd, Gamuda Bhd, MN Holdings Bhd and CBH Engineering Holding Bhd.
Finally, following Intel’s recent earnings outperformance, any retracement in its proxies such as 3REN Bhd and Malaysian Pacific Industries Bhd should be treated as an opportunity for accumulation.
The FBM KLCI retreated marginally with its technical indicators still showing positive signals at this current juncture as the MACD histogram has expanded strongly above the zero line while the RSI is trading above 50.
Resistance is seen around 1,735-1,740 with support at 1,700-1,705. – April 27, 2026
