BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI charged higher to record its fifth straight winning run on Tuesday ahead of the mid-week break as the key index re-claimed the 1,700 psychological level.
Trading activity, however, eased to 3.94 billion shares from 5.03 billion shares in the previous session. Nevertheless, market breadth remained positive with 600 advancers outnumbering 552 decliners, reflecting rotational buying support on the broader market.
The recent positive momentum warrants a caution after the FBM KLCI managed to surpass the key psychological 1,700 level.
While the easing geopolitical concerns and resilient domestic fundamentals are encouraging, concerns over higher for longer interest rate following the latest hawkish projection by the FOMC (Federal Open Market Committee) could temper the recent positive strides.
Economy-wise, investors will be keeping a close tab on the US retail sales data slated to be release later tonight.
Technically, the key index has formed a bullish candlestick to breakout above the 1,700 psychological level.
Following the aforementioned breakout, the next resistances are now pegged at 1,718-1,732 points. Meanwhile, the near-term support has now shifted to the 1,700 points and thereafter at 1,686 points.
Malacca Securities Research
Tracking the negative overnight performance in the US, we expect the FBM KLCI to pullback slightly today.
Stock-wise, we continue to favour Sunway Construction Group Bhd and Gamuda Bhd, buoyed by massive infrastructure roll-outs and data centre construction projects nationwide.
Meanwhile, we also like Empire Premium Food Bhd, underpinned by the sentiment surrounding declining oil prices and its aggressive expansion plan to open 15 new outlets by end of its FY3/2027 which will bring its total footprint to 158 outlets.
Lastly, Sum Technology Bhd will make its ACE Market IPO (initial public offering) debut today.
As the FBM KLCI has rebounded, its technical indicators are also suggesting improving signals at this current juncture with the MACD histogram having started to tilt toward the positive region while the RSI is still expanding above 50.
Resistance is seen around 1,724-1,729 with support at 1,689-1,694. – June 18, 2026
