BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI marched sharply higher on Monday alongside the positive regional markets that cheered Japan’s snap election results as well as the improved sentiment on Wall Street.
Broader market sentiment turned more favourable with 798 advancers outpacing 355 decliners.
Trading activity also improved to 3.12 billion shares from 3.02 billiob shares in the previous session amid the positive market breadth.
Going forward, the FBM KLCI may attempt to build onto yesterday’s gains amid signs of ebbing volatility.
Investors appear to be leaning to the constructive backdrop, underpinned by resilient domestic demand and prospects of sustained inflows into Malaysian assets when Bursa Malaysia recorded its fifth straight net foreign funds inflow last week.
This comes alongside broader macroeconomic confidence that have supported optimism for the local benchmark’s trajectory.
Economic wise, investors will be keeping a close tab on Malaysia and US retail sales data slated to be release later today.
Technically, the local bourse has formed a bullish candlestick and is poised to extend its recovery trend to target the immediate resistances located at the 1,755 points and 1,770 points respectively.
On the flipside, the immediate support is served at 1,740 points, followed by the 1,720 points.
Malacca Securities Research
Following Wall Street’s movement, we expect the positive sentiment to spil-lover toward the local front.
A new 52-week high was observed in 99 Speed Mart Retail Holdings Bhd as the country commenced its SARA cash distribution yesterday which could benefit the laggards like MR DIY Group (M) Bhd and Eco-Shop Marketing Bhd.
Meanwhile, we view the recent breakout in Pesona Metro Holdings Bhd favourably, underpinned by: (i) 9M FY2025 results exceeding the full FY2024 figures; (ii) property ventures yielding higher margins; and (iii) an order book of RM2.5 bil which ensures earnings visibility.
Besides, we favour the rebound in CBH Engineering Holding Bhd, supported by the data centre pipeline and the group’s outstanding order book of RM530.5 mil.
The local bourse extended its upward momentum to kickstart the week. However, technical indicators suggest the momentum is still weak at this juncture as the MACD histogram tilted into the negative territory while the RSI remains below the 70 level.
Resistance is seen around 1,766-1,771 with support at 1,731-1,736. – Feb 10, 2026
