BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI remained under pressure on Monday amid escalating Middle East tensions after US President Donald Trump warned of potential strikes on civilian infrastructure, including power plants and bridges.
Trading activity thinned to 2.87 billion shares against 3.38 billion shares in the prior session, reflecting the cautious market undertone.
Market breadth turned negative with 660 decliners outpacing 361 advancers, implying impending volatility on the cards.
Looking ahead, a potential rebound could materialise following the signs of progress toward a US-Iran ceasefire deal.
The improvement on Wall Street overnight could also lend some strength to the FBM KLCI over the interim as intermittent bargain hunting could emerge in oversold heavyweights as global sentiment stabilises.
Investors will also be monitoring upcoming key economic data, including US labour market indicators and regional manufacturing readings which may provide further direction to market sentiment in the near term.
Technically, the FBM KLCI has trended lower for the third straight session with the 1,675 points serving as the immediate support, followed by 1,665 points. Meanwhile, the near-term resistances are located at the 1,700 psychological level and 1,711 points.
Malacca Securities Research
We expect Bursa Malaysia to track the Wall Street’s positive overnight performance.
That the ringgit hovering around RM4.05/US$1 should benefit technology counters such as Coraza Integrated Technology Bhd and Frontken Corp Bhd with the former seeing higher demand for WFE enclosures while the latter stands to benefit from TSMC’s 2nm chip production.
Lastly, following IJM Corp Bhd’s rejection of Sunway Bhd’s offer, we anticipate some selling pressure on IJM in the near term.
However, as the construction giant holds a record RM17.3 bil order book and plans to spin off its construction division within the next 18-24 months, it may be considered a value buy at current levels.
The FBM KLCI closed on a weaker note with technical indicators showing softer momentum at this current juncture as the MACD histogram is trading below zero while the RSI is still below 50.
Resistance is seen around 1,695-1,700 with support at 1,660-1,665. – April 7, 2026
