BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI retreated on Monday, tracking the broader weakness across regional markets as investors turned cautious amid concerns over elevated valuations of AI (artificial intelligence)-related technology giants and lingering uncertainties surrounding the US-Iran ceasefire negotiations.
Despite the softer market tone, trading activity remained robust with total volume rising to 3.48 billion shares from 3.41 billion shares in the previous session.
Market sentiment was notably negative as decliners significantly outnumbered advancers by 916 to 340, thus reflecting broad-based selling pressure.
Looking ahead, the FBM KLCI is expected to maintain a negative bias amid persistent geopolitical uncertainties, a cautious global risk appetite and lingering concerns over stretched valuations in AI-related stocks.
Additionally, uncertainties surrounding Malaysia’s political landscape following the recent dissolution of two state legislative assemblies last week may further dampen investor sentiment and encourage a more risk-averse approach.
In the absence of fresh positive catalysts, the benchmark index is likely to remain under pressure and trade within a cautious range as investors continue to adopt a defensive stance.
Technically, the key index has gapped down and erased all its previous session gains. As the recovery momentum fizzles, the immediate support is located at the 1,672 points and thereafter at 1,665 points.
Meanwhile, the near-term resistance is pegged at the 1,700 psychological level, followed by the 1,707 points.
Malacca Securities Research
Tracking the rebound on Wall Street, we believe it may spillover to the local bourse today.
With the weakening of the ringgit towards the RM4.07/US$ level, we expect buying interest to be sustained in export-oriented sectors such as gloves where Top Glove Corp Bhd and Hartalega Holdings Bhd are pending breakouts.
Furthermore, with Sum Technology Bhd securing an impressive IPO (initial public offering) oversubscription rate of 110.5x, we believe sentiment will bode well for cleanroom peers such as iCents Group Holdings Bhd which formed a bullish pattern yesterday.
Lastly, bakery producer and distributor HSS Holdings Bhd (M+ target price: 23 sen) will close its IPO applications today (June 9).
The FBM KLCI retreated with its technical indicators still trading with a negative momentum at this current juncture as the MACD histogram is still trading in the negative territory while the RSI is trading below 50.
Resistance is seen around 1,694-1,699 with support at 1,659-1,669. – June 9, 2026
