BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI snapped a four-day losing streak on Wednesday, buoyed by improved sentiment following the two-week ceasefire agreement between the US and Iran.
Trading activity strengthened to 3.77 billion shares from 2.55 billion shares in the previous session in line with the improved market conditions.
Market breadth turned positive with 855 advancers outpacing 410 decliners, reflecting a broadly upbeat tone across the market.
Looking ahead, the FBM KLCI may extend its rebound with a positive bias, supported by easing geopolitical tensions and improving market sentiment.
Bargain hunting activities could persist, particularly in recently oversold heavyweights, taking cue from the positive developments on Wall Street overnight.
Nevertheless, investors will remain watchful of upcoming Malaysia Industrial Production data which could provide further insight into the strength of domestic economic activity.
Technically, the FBM KLCI has gapped up after bouncing off the EMA120 level. The key index could mount further recovery, targeting the 1,700 psychological level, followed by the next resistance at 1,711 points.
On the flipside, the 1,673 points now act as the immediate support, followed by 1,660 points.
Malacca Securities Research
Tracking the positive overnight performance on Wall Street, we believe buying interest may sustain on the local front.
With Brent oil prices hovering below US$100/barrel, we anticipate that positive sentiment to extend within the aviation and consumer sectors, thus benefiting stocks such as Capital A Bhd, AirAsia X Bhd and 99 Speed Mart Retail Holdings Bhd.
Meanwhile, yesterday’s breakouts in Solarvest Holdings Bhd and Pekat Group Bhd validated our calls on the solar sector which could serve as a strategic safeguard against future increases in domestic electricity tariffs.
Finally, we favour Hartanah Kenyalang Bhd given its record order book of RM563.1 mil and the tailwinds from Sarawak’s infrastructure development.
The FBM KLCI closed on a stronger note but technical indicators are still showing softer momentum at this current juncture as the MACD histogram is trading below zero while RSI is still below 50.
Resistance is seen around 1,711-1,716 with support at 1,676-1,681. – April 9, 2026
