BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI started the week on a wobbly note before closing marginally lower as sentiment were weighed down by the negative developments in the Middle East.
Trading activity simmered with total volume falling to 3.12 billion shares from 4.08 billion shares in the previous session.
Market breadth turned negative with 748 decliners beating 389 advancers as the lower liners experienced profit taking.
The near-term outlook for the FBM KLCI remains tilted to the downside with investors likely to stay cautious amid lingering geopolitical uncertainties and a lack of fresh domestic catalysts.
Attention will also turn to the upcoming US job openings and consumer confidence data later tonight which could influence expectations for the Federal Reserve’s policy path and, in turn, global risk appetite.
A softer-than-expected set of readings may offer some relief to equities but any signs of resilient labour demand or weakening consumer sentiment could add to market volatility.
Against this backdrop, the local bourse may continue to face selling pressure as gains likely to remain tentative the immediate resistances remain located at 1,678-1,690 points. The supports are pegged at 1,660 points, followed by 1,655 points.
Malacca Securities Research
Tracking Wall Street’s negative overnight performance, we expect the FBM KLCI to extend its losses today.
Meanwhile, investors are likely to remain focused on potential beneficiary sectors ahead of the Budget 2027 announcement next week, including construction, utilities, technology and consumer.
Stock-wise, we favour Betamek Bhd, supported by (i) strong earnings momentum following a 53.2% year-on-year (yoy) increase in 1Q FY2027 net profit; (ii) its deeply entrenched relationship with Perodua; and (iii) regional export market expansion following its acquisition of automotive electronics manufacturer Sanshin.
Lastly, industrial solutions and semiconductor engineering provider EcoSys (M) Bhd will close its IPO (initial public offering) application today.
The FBM KLCI continued to trade below the MA (moving average) lines with technical indicators showing mixed signals as the MACD histogram has started expanding toward the positive territory while the RSI holds below 50.
Overhead resistance sits at 1,685-1,690 with support established at 1,650-1,655. – Sept 29, 2026
