BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI advanced for the third straight session on Friday (June 12) but still capped off the week 0.6% lower.
Trading activity, however, moderated to 2.91 billion shares from 3.32 billion shares in the previous session.
Market sentiment turned negative with 560 decliners nudging 508 advancers, indicating that buying interest continued to be concentrated in selected heavyweight counters rather than the broader market.
Going forward, the FBM KLCI is expected to trade within a consolidation phase as investors continue to assess external macroeconomic developments as well as developments on the Middle East.
Attention for the week ahead will turn towards the US Federal Reserve’s first policy meeting under Kevin Warsh where we expect the central bank to keep interest rates unchanged.
Investors will also be watching for any updates to the Fed’s economic projections and commentary on inflation and labour market conditions as these could shape expectations for the timing and pace of future policy adjustments and influence global risk sentiment.
Technically, the key index has gapped up but continues to trend within the consolidation range.
A decisive breakthrough above 1,687 points could lift the key index towards the immediate resistance located at the 1,693 points, followed by the 1,700 psychological level. On the flipside, near-term support is pegged at 1,672 points and thereafter at 1,665 points.
Malacca Securities Research
Following the rebound on Wall Street, we believe that the FBM KLCI will kickstart the week on a stronger footing.
Tracking the historic debut of SpaceX, we believe that upward momentum will persist for Reach Ten Holdings Bhd as it recently announced an RM4.2 mil indirect exposure to SpaceX.
Meanwhile, with a further retreat in oil prices, we believe sentiment will bode well for AirAsia X Bhd which is poised for a further breakout.
Lastly, enterprise IT solutions provider Pentech Holdings Bhd (M+ target price: 40 sen) will make its ACE Market debut today.
While the FBM KLCI has rebounded, its technical indicators are still suggesting weak momentum at this current juncture with the MACD histogram still in the negative region and the RSI is hovering below 50.
Resistance is seen around 1,698-1,703 with support at 1,663-1,668. = June 15, 2026
