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 four-day winning streak on Tuesday, weighed down by profit-taking in Petronas-linked heavyweights.
Trading activity also moderated with total volume easing to 2.23 billion shares from 2.47 billion shares in the previous session in line with the softer market undertone.
Market breadth turned negative as 672 decliners outpaced 438 advancers, reflecting wider selling pressure and a cautious shift in sentiment across the broader market.
Looking ahead, the FBM KLCI may remain on a cautious footing amid lingering uncertainties surrounding US tariff policies which continue to cloud the global trade outlook and dampen risk appetite.
However, the recent bout of profit-taking could attract bargain hunting which were noticeable in the final trading hour yesterday.
As the underlying domestic fundamentals remain broadly supportive along with the improved sentiment on Wall Street amid the easing of concerns over artificial intelligence disruption towards certain industries, downsides could be well cushioned in the interim.
Technically, the FBM KLCI has formed a hammer candlestick after rejecting the 1,758 resistance level.
A consolidation beckons with the immediate support located at 1,734 points, followed by 1,720 points. Meanwhile, a breakthrough above the 1,758 points resistance could pave the way for the index to test the next resistance at 1,771 points.
Malacca Securities Research
Following the overnight rebound on Wall Street, we expect sentiment to turn positive.
IHH Healthcare Bhd and KPJ Healthcare Bhd are seeing healthy buying interest ahead of the Sunway Healthcare Holdings Bhd IPO (initial public offering) launch this Friday (Feb 27).
We expect this buying support to spill over into the glove sector following decent results from Hartalega Holdings Bhd and Kossan Rubber Industries Bhd; regional supply disruptions and rising operational challenges among Chinese glove makers should provide near-term domestic tailwinds.
Meanwhile, Powerwell Holdings Bhd’s 9M FY3/2026 performance (up 30.9% year-on-year and 8.5% quarter-on-quarter) indicates that the current market structure is shifting towards downstream data centre (DC) players as most construction works appear to be approaching completion.
The FBM KLCI closed on a weaker footing. Moreover, technical indicators suggest momentum is mixed at this juncture as the MACD histogram remains tilted in the negative region while the RSI is hovering above the 50 level.
All in all, resistance is envisaged around 1,769-1,774 with support at 1,734-1,739. – Feb 25, 2026
