BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI recovered some of its previous session losses on Wednesday, lifted by gains in more than half of the key index components.
Trading activity improved with total volume rising 3.97 billion shares from 3.76 billion shares in the previous session.
Market sentiment, however, remained negative with 705 decliners outpacing 422 stocks, suggesting that buying interest was largely concentrated in selected heavyweight stocks.
Looking ahead, the FBM KLCI may turn cautious as investors await the release of the US Producer Price Index (PPI) data tonight for further clues on inflation trends and the potential trajectory of US monetary policy.
Downside risk remains as evident from overnight renewed volatility on Wall Street stemming from escalating tensions between US and Iran after US President Donald Trump threatening further attacks as Iran has delayed too long in negotiating a peace deal along with the persistent foreign funds outflow.
Technically, the key index has formed a bullish candlestick and is turning into a consolidation pattern.
The immediate resistance remains pegged at the 1,693 points, followed by the 1,700 psychological level. On the flipside, near-term support is located at the 1,672 points and thereafter at 1,665 points.
Malacca Securities Research
Tracking the continued sell-off in the US, we believe that the FBM KLCI will face renewed selling pressure today, hence creating buy-on-the-dip opportunities in banking stocks.
Meanwhile, the rebound in crude oil prices should benefit oil- and chemical-related companies, including PETRONAS Chemicals Group Bhd, Hengyuan Refining Company Bhd and Hibiscus Petroleum Bhd.
We also continue to favour the plantation sector, supported by Indonesia’s aggressive roll-out of the B45/B50 biodiesel mandate and the anticipation of El Niño in the coming months which may benefit counters such as SD Guthrie Bhd, IOI Corporation Bhd and United Plantations Bhd.
Lastly, IT solutions and cybersecurity services provider MM Computer Systems Bhd will make its ACE Market debut today.
While the FBM KLCI has rebounded, its technical indicators are still suggesting weak momentum at this current juncture with the MACD histogram still in the negative region and the RSI hovering below 50.
Resistance is seen around 1,693-1,698 with support at 1,658-1,663. – June 11, 2026
