BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI pared some of its previous-session gains as quick profit-taking emerged despite positive cues from the latest US-Iran negotiations while foreign funds resume their net selling position.
Trading activity moderated with total volume easing to 3.20 billion shares from 3.58 billion shares in the previous session.
Market breadth also turned slightly negative with 549 decliners nudging 519 advancers while the lower liners staged a pullback after their recent gains.
We expect the FBM KLCI to be volatile in the near term as investors await further clarity on developments in the Middle East.
Meanwhile, hawkish remarks over the future interest rate direction from US Federal Reserve officials resulted in renewed volatility on Wall Street overnight which could see weakness permeates to stocks across Bursa Malaysia today.
For the day ahead, investors will also adopt a wait-and-see approach ahead of the US-China summit later today for potential trade developments between the two economic powerhouse.
Technically, the key index has formed a bearish candlestick after trading mostly in the negative territory. The immediate resistances remain located at 1,687 points, followed by 1,700 points. Meanwhile the supports are pegged at 1,660 points and 1,655 points respectively.
Malacca Securities Research
We expect the FBM KLCI to remain cautious amid elevated yields and firmer oil prices.
Northern Solar Holdings Bhd could stay in focus after Bursa Malaysia approved its transfer from the ACE Market to the Main Market.
Along the AI theme, YTL Power International Bhd may attract attention after YTL AI Labs collaborated with NVIDIA to launch Nemotron-Personas-Malaysia, an open dataset of 1.35 million synthetic Malaysian personas to support locally relevant AI (artificial intelligence) applications.
In construction, Hartanah Kenyalang Bhd could see interest on its RM800.5 mil orderbook and expansion into utilities-related works.
Meanwhile, Kee Ming Group Bhd remains supported by its RM246.0 mil orderbook and RM143.0 mil FY2027 year-to-date (YTD) wins with further opportunities from solar interconnection works and Tenaga Nasional Bhd tenders.
The FBM KLCI resumed its pullback on Wednesday although momentum indicators pointed to a potential bottoming formation. With the MACD forming a rounding bottom and the RSI rebounding from oversold levels, overhead resistance is seen at 1,698-1,71 while support is established at 1,653-1,668. – Sept 24, 2026
