BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI finished marginally higher on Tuesday after trading in a tight range throughout the session as the key index managed to extend its previous session’s gains.
The broader market, meanwhile, closed largely unchanged. Nevertheless, overall trading activity improved with volumes rising to 3.01 billion shares from 2.15 billion shares on Monday which reflected sustained rotational play across selected sectors.
While the underlying recovery trend remains intact as the key index continues to hover above the SMA200 level, volatility may return to the fore following Israel’s strike on Hamas officials meeting in Qatar’s capital, Doha earlier today.
Geopolitical uncertainty may likely weigh on market directions despite the fresh record high closing on Wall Street’s main indices overnight.
On the economic front, investors will be closely monitoring Malaysia’s unemployment rate data due later today which we expect to remain at its lowest level since April 2015 at 3.0%.
Additionally, both China’s and the US’ Producer Price Index releases will be in focus to assess the health of the world’s two largest economies.
From a technical stand-point, the FBM KLCI may remain in a range-bound manner with the 1,588 points acting as the immediate resistance, followed by 1,603 points. Conversely, support is pegged at 1,560 points with a firmer base at 1,550 points.
Malacca Securities Research
Given Wall Street’s positive overnight performance, we foresee healthy buying support likely to continue its rebound momentum on the local front.
Moreover, with US job revisions pointing to stronger rate cut bets, we expect Well Chip Group Bhd and Evergreen Max Cash Capital Bhd to be the direct proxies as gold has surpassed IS$3,600/oz, thus potentially driving higher redemption rate from their customers.
The recent roll-out of LSS5+ should support key solar players Solarvest Holdings Bhd, Pekat Group Bhd and Northern Solar Holdings Bhd.
For a more conservative play, traders may focus on consumer stocks such as Life Water Bhd with (i) contributions from its recent acquisition of Twinine; and (ii) a conservative ~RM1 mil monthly revenue from the 99 Speed Mart Retail Holdings Bhd product placement.
As it is, we deem the stock to be undervalued with margins standing well above its peers.
The FBM KLCI edged higher on Tuesday with contradictory technical indicators as the MACD histogram has expanded negatively while the RSI remained above 50.
Resistance is anticipated around 1,601-1,606 while support is located at 1,566-1,571. – Sept 10, 2025
