BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI chalked up modest gains after hovering largely in the positive territory on Wednesday, supported by sustained buying interest in selected telco and utilities heavyweights.
Likewise, the broader market also marched mildly higher. Meanwhile, overall trading activity softened with volumes easing to 2.66 billion shares from 3.01 billion shares in the prior session, underscoring the lack of fresh domestic catalysts to drive participation.
Stability in the domestic economy as reflected by Malaysia unemployment rate holding steady at 3.0% in July 2025 coupled with the positive tone on Wall Street lent support to the FBM KLCI performance yesterday.
However, upside momentum remained capped amid the absence of fresh domestic catalysts and the resurgence of net foreign selling.
Key economic data releases in focus today include Malaysia’s Industrial Production figures and the US inflation data with the latter serving as a crucial gauge for the Federal Reserve’s interest rate trajectory.
We maintain our view that the FBM KLCI will continue on a slight upward bias tone with the 1,600 psychological level acting as the key resistance, followed by 1,603 points. On the flipside, immediate support is pegged at 1,570 points and thereafter at 1,560 points.
Malacca Securities Research
Despite the mixed overnight performance in the US, we expect selective buying momentum to persist on the local front.
Also, the technology sector could be boosted by strong overnight performances from tech giants.
In view of softer PPI (Producer Price Index) numbers coupled with soft jobs data, we expect gold to trade higher for the near to mid-term which would benefit Well Chip Group Bhd and Evergreen Max Cash Capital Bhd.
Moreover, we believe CBH Engineering Holding Bhd is trading at undemanding valuations, supported by healthy DC (direct current) pipelines.
For a more conservative and stronger ringgit environment, we believe Life Water Bhd offers upside given its recent Twinine acquisition.
The FBM KLCI edged higher on Wednesday with mixed technical indicators as the MACD histogram has expanded negatively while the RSI remained above 50.
Resistance is anticipated around 1,605-1,610 while support is located at 1,570-1,575. – Sept 11, 2025
