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 to re-claim the 1,700 psychological level on Wednesday, taking cue from the positive developments on the geopolitical situation in the Middle East.
Trading activity, however, eased to 3.55 billion shares from 3.65 billion shares in the prior session.
Market breadth stayed positive with 780 advancers overtaking 444 decliners, reflecting a broadly constructive undertone across the market.
Looking ahead, the FBM KLCI is poised to extend its recovery momentum, underpinned by improving regional sentiment and receding geopolitical risk premiums.
On the external front, the de-escalation of tensions in the Middle East has effectively capped the volatility that characterised the previous quarter, thus providing a more stable environment for global capital flows.
As the US dollar’s strength begins to moderate, Malaysian stocks that are trading at historically attractive valuations are poised to be prime destinations for foreign institutional funds seeking high-yield recovery plays.
Technically, the FBM KLCI has gapped up but drifted off from its intraday peak and still managed to close above the 1,700 psychological level.
Should an extended buying momentum take precedence, the next resistances are located at 1,720 points and 1,737 points. Meanwhile, near-term supports remain pegged at 1,675 points and 1,665 points respectively.
Malacca Securities Research
We expect the local bourse to follow suit with Wall Street’s rebound.
Positive developments for Micron should bode well for TMK Chemical Bhd as its products are widely utilised in the production and manufacturing industries, hence forming the foundational building blocks for the E&E (electrical and electronic) and semiconductor segment.
With Micron’s additional capacity expected to come online next year, this should benefit TMK.
Meanwhile, higher crude oil prices may present near-term headwinds for glove manufacturers.
However, we anticipate a tightening in global glove supply due to raw material constraints following the Middle East tensions.
The FBM KLCI closed on a stronger note with technical indicators turning more positive at this current junction with the MACD histogram having formed a rounding bottom while the RSI has rebounded towards 50.
Resistance is seen around 1,725-1,730 with support at 1,675-1,680. – April 2, 2026
