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 gains for a fourth consecutive session on Wednesday, buoyed by growing optimism over a potential de-escalation in the US-Iran conflict.
Trading activity picked up notably to 3.99 billion shares, up from 2.86 billion shares in the previous session.
Market breadth turned positive, with 785 gainers outpacing 503 decliners, indicating broad-based buying interest across the market.
Looking ahead, the FBM KLCI may attempt to extend its upward trajectory from the recent four-day rally, taking cue from the positive developments on Wall Street overnight.
Sentiment remains underpinned by easing geopolitical concerns and the recent strong batch of corporate earnings from Wall Street where upside momentum could remain on the cards.
Still, investors are likely to stay cautious ahead of the monetary policy decision by Bank Negara Malaysia (BNM) later today where the overnight policy rate (OPR) is widely expected to be maintained as the local economy remains in the expansionary phase while inflation remains manageable for now.
Technically, the key index has formed another bullish candlestick by hitting the 1,760 resistance level.
A decisive breakthrough could lift the local bourse towards the next resistances at 1,770-1,780 points. Meanwhile, the support has now shifted to 1,744 points, followed by the 1,732 points.
Malacca Securities Research
Tracking Wall Street’s positive performance, we anticipate a spill-over effect to the FBM KLCI.
Following Intel’s latest earnings outperformance, sentiment is expected to be positive for 3REN Bhd, Malaysia Pacific Industries Bhd and UWC Bhd as they act as Intel’s proxies.
Similarly, with Boeing and Airbus aggressively ramping up their delivery targets, SAM Engineering & Equipment (M) Bhd is also seeing a direct surge in order book replenishment for its precision machining units.
Meanwhile, AMAT (Applied Materials, Inc) ramping up of its wafer fabrication tools is benefitting SAM’s equipment manufacturing segment.
Technically, SAM has rebounded above the 200-day MA (moving average) after a recent pullback and is poised for further upward momentum.
The FBM KLCI rebounded with technical indicators showing positive signals at this current juncture as the MACD histogram is trading at its positive territory while the RSI is also nearing 70.
Resistance is seen around 1,771-1,776 with support at 1,736-1,741. – May 7, 2026
