BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its pullback despite recovering from its intraday low, weighed down by weakness in selected banking heavyweights as foreign funds turn net selling position.
Trading activity marched higher with total market volume at 3.56 billion shares compared with 3.24 billion shares in the previous session.
Market breadth turned negative with 581 decliners surpassing 533 advancers, indicating a broader-based market rotation.
Going forward, the FBM KLCI may continue to undergo further consolidation in the near term following its recent gains as investors adopt a more cautious stance amid profit-taking activities and mixed market sentiment.
Market participants will continue to monitor developments in the Middle East, particularly any escalation in geopolitical tensions that could influence global risk appetite and commodity prices.
Meanwhile, investors may look for further catalysts to provide direction with bargain hunting likely to emerge should the index approach key support levels.
Technically, the key index has gapped down to close marginally lower and could potentially head for a consolidation spell.
The immediate resistances are envisaged at 1,756 points, followed by 1,770 points. Meanwhile, near-term supports remain pegged at 1,720 points and 1,711 points respectively.
Malacca Securities Research
On the local front, the FBM KLCI is anticipated to trade on a positive note amid rising Brent crude prices as funds shift their attention to domestic energy plays.
Meanwhile, the rebound on Wall Street could lift the technology sector further with NationGate Holdings Bhd viewed as a key beneficiary of the “China+1” supply chain re-alignment.
Trading momentum will remain anchored in specific growth stories; we favour LAC Med Bhd following a technical breakout.
Meanwhile Oriental Kopi Holdings Bhd has surged above its 100-day Simple Moving Average (SMA100), driven by its international expansion into Indonesia via a 40:60 joint venture with PT Era Boga Nusantara which is complemented by an asset-light franchise entry into Mauritius with Coffee Time Ltd.
Despite a minor pullback at Friday’s close, the FBM KLCI’s technical momentum remains encouraging as the MACD histogram expands above the zero line with the RSI holding firm above 50.
Key resistance lies within 1,750-1,765 while support is anchored at 1,705-1,720. – Aug 10, 2026
