BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI snapped a three-day losing streak as bargain hunting emerged across selected index heavyweights lifted the key index mildly higher.
Trading activity, however, moderated with total volume declining to 3.41 billion shares from 4.91 billion shares in the previous session.
Market breadth was slightly positive with 654 advancers overtaking 552 decliners, suggesting that the gains were somewhat broad-based.
Expectedly, the FBM KLCI rebounded following its recent pullback, supported by bargain hunting in selected index heavyweights while Middle East tensions took a backseat with oil prices retreating.
Nevertheless, we expect further gains to remain measured amid persistent external uncertainties, particularly elevated US bond yields, on-going Middle East tensions and expectations for further US Federal Reserve tightening.
Investors are likely to remain selective with the index potentially consolidating in the near term while awaiting fresh domestic and global catalysts.
Technically, the key index has formed a bullish candlestick and could potentially turn into a consolidation. The immediate resistances remain located at 1,687 points, followed by 1,700 points. Meanwhile the supports are now shifted to 1,655 points and 1,650 points respectively.
Malacca Securities Research
The FBM KLCI is poised to trade on a firmer footing, taking cues from Wall Street’s overnight rally.
In the technology space, Inari Amertron Bhd and ViTrox Corp Bhd could attract interest alongside sustained global AI (artificial intelligence) hardware demand.
Meanwhile, power and utility plays remain supported by data centre expansion, led by YTL Power International Bhd and Powerwell Holdings Bhd with the latter backed by yesterday’s record RM190.4 mil purchase order win for a Johor data centre switchgear.
Renewable energy names such as Solarvest Holdings Bhd, Samaiden Group Bhd and Verdant Solar Holdings Bhd could also remain in focus following further policy support for the Corporate Renewable Energy Supply Scheme (CRESS) which enables corporate consumers to procure green electricity from renewable energy developers through open-grid access.
The FBM KLCI staged a minor recovery on Monday but remains capped below key moving averages. Despite the MACD histogram hovering below the zero line, it is displaying a rounding bottom pattern while the RSI sits near oversold territory.
Key resistance sits at 1,681-1,696 while support holds at 1,636-1,651. – Sept 22, 2026
