BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The recovery on the FBM KLCI was largely anticipated amid the easing US Treasury yields as well as the crude oil prices.
Nevertheless, market breadth stayed negative as the lower liners remained in purple patch despite traded volumes rising to 3.6 billion shares.
While an extended recovery is not ruled out, we reckon gains could be choppy amid the prevailing market uncertainties.
Investors will also monitor Malaysia’s Manufacturing PMI and the US ISM Manufacturing PMI data due later tonight for further clues on the health of the manufacturing sector and global growth momentum.
The broader market is expected to remain choppy amid a lack of fresh domestic catalysts. Nevertheless, selective trading opportunities presents within the fundamentally sound beaten down stocks.
Under the prevailing set-up, the key index could mount further recovery with the immediate resistances located at 1,663-1,670 points. The supports remain at 1,640 points, followed by 1,630 points.
Malacca Securities Research
We expect the FBM KLCI to remain mixed although stronger semiconductor sentiment could continue to underpin selected technology counters.
UWC Bhd could attract attention after its FY2026 net profit surged 132.0% year-on-year (yoy) to RM93.8 mil with the group’s 4Q FY2026 net profit rising nearly 130% yoy to RM37.6 mil on stronger semiconductor demand and a more favourable product mix.
Meanwhile, Kelington Group Bhd remains in focus after securing a fresh RM172.0 mil contract for an advanced data storage manufacturing facility in Kuching, thus bringing total awards from the same customer to RM283.0 mil.
Elsewhere, VisDynamics Holdings Bhd may remain in focus following its improved earnings performance, supported by stronger machine sales.
The local bourse staged a brief recovery on Wednesday though the broader technical indicators remain cautious. Momentum signals point to early bottoming efforts with the MACD histogram moving closer to zero while the RSI remains below 50.
Key resistance is pegged at 1,655-1,670 while support holds at 1,635-1,650. – Oct 1, 2026
