BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its gains for a fourth consecutive session on Monday, supported by renewed optimism following the latest developments surrounding US tariff policies.
Trading activity improved with total volume rising slightly to 2.47 billion shares from 2.03 billion shares recorded last Friday as investors gradually return from last week festive break.
Market breadth was slightly positive with 584 advancers edging past 520 decliners, reflecting a modestly constructive undertone across the broader market.
Going forward, the FBM KLCI is poised to consolidate with a mild positive bias, underpinned by the recent streak of gains and improving market breadth.
However, upside momentum may remain measured as investors turn their attention to the upcoming US consumer confidence data which could offer fresh insights into the resilience of household spending and the broader economic outlook.
A stronger-than-expected reading may bolster global risk appetite and lend support to cyclical sectors and vice versa.
Technically, the FBM KLCI has gapped up and formed another doji candlestick. With upsides prevailing, near term resistance is located at 1,762 points, followed by the next resistance at 1,771 points.
Meanwhile, the immediate support is envisaged at 1,734 points, followed by 1,720 points.
Malacca Securities Research
With Sunway Healthcare Holdings Bhd launching its IPO (initial public offering) this Friday (Feb 27), buying interest was also seen in other healthcare providers such as KPJ Healthcare Bhd and IHH Healthcare Bhd which may bolster overall local sentiment.
Meanwhile, EP Manufacturing Bhd experienced a breakout yesterday, underpinned by (i) expansion of its Melaka plant where annual production capacity is set to increase from 6,000 units to 30,000 units by 3Q 2026; and (ii) production of the XPeng G6 and X9 models, scheduled to commence by late March and May 2026 respectively.
Lastly, we continue to favour AirAsia X Bhd and CBH Engineering Holding Bhd; the former is supported by consolidation of its long-haul and short-haul flights while the latter benefits from high demand driven by the country’s data centre (DC) boom.
The FBM KLCI closed on a firmer footing. However, technical indicators suggest weaker momentum at this current juncture as the MACD histogram is still tilted into the negative region while the RSI is hovering below the 70 level.
Resistance is seen around 1,772-1,777 with support at 1,737-1,742. – Feb 24, 2026
