BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI experienced a setback, mainly weighed down by weakness in banking heavyweights amid concerns over rising bond yields could potentially result in higher cost of funds.
Market breadth turned negative as total traded volume declines to 3.8 billion shares.
Going forward, we expect near-term sentiment to remain cautious amid elevated bond yields and external uncertainties with further consolidation likely.
For now, investors will remain selective in favour of defensive and earnings-driven stocks ahead of the tabling of Budget 2027 tomorrow (Oct 9).
Following yesterday’s sharp decline which resulted in the key index tripping into the negative territory, we reckon volatility will remain on the fore amid the weakness on Wall Street overnight due to concerns over elevated oil prices could keep inflation sticky and the higher US Treasury yields.
The broader market could remain cautious as trading momentum wanes amid cautious sentiment and subdued market breadth.
Meanwhile, we expect profit taking to emerge on Bursa Malaysia’s technology sector which has rallied for the past five straight sessions.
The immediate resistances are located at 1,630-1,640 points while the supports are shifted to 1,600 points, followed by 1,580 points.
Malacca Securities Research
On the local front, we expect domestic equities to remain selective ahead of tomorrow’s Budget 2027 with infrastructure and earnings visibility in focus.
Hartanah Kenyalang Bhd could attract interest following a sharp 3Q FY2026 recovery with revenue rising 93.4% year-on-year (yoy) RM49.5 mil with net profit reaching RM3.0 mil while its order book has expanded to about RM851 mil.
Meanwhile, Jati Tinggi Group Bhd offers fresh power infrastructure exposure after securing RM15.7 mil in Tenaga Nasional Bhd contracts for underground cable works and a submarine power cable monitoring system, bringing its unbilled order book to RM1.1 bil.
Surging selling pressure dragged the FBM KLCI lower by keeping the benchmark below key moving averages. Momentum indicators point to early bottoming efforts with the MACD forming a rounding bottom while the RSI remains at oversold levels.
Overhead resistance sits at 1,626-1,641 with support established at 1,581-1,596. – Oct 8, 2026
