BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI recorded its fourth straight session of decline on Tuesday on cautiousness ahead of the deadline set by US President Donald Trump for the re-opening of the Strait of Hormuz.
Trading activity continued to thin at 2.55 billion shares from 2.87 billion shares exchanging hands in the prior session.
Market breadth stayed negative with 538 decliners outnumbering 343 advancers, reflecting broadly subdued sentiment amid lingering geopolitical uncertainty in the Middle East.
Going forward, the absence of a diplomatic breakthrough could keep investors on the sidelines with risk appetite staying firmly suppressed as concerns over prolonged energy supply disruptions and their broader inflationary implications continued to weigh on the market.
Still, the ceasefire between both parties for the next two weeks is a positive signal towards a potential diplomatic deal which could drive bargain hunting activities today.
Technically, the FBM KLCI has formed another bearish candlestick after reversing all its intraday gains.
The downward bias consolidation may persist with 1,665 points acting as the immediate support, followed by 1,660 points. Meanwhile, the near-term resistances are located at 1,688 points and the 1,700 psychological level.
Malacca Securities Research
We anticipate the FBM KLCI to track Trump’s deadline extension and the positive Wall Street futures.
We are particularly optimistic about the breakout observed in CBH Engineering Holding Bhd supported by an order book of RM592 mil given the group serves as a strategic proxy for Tenaga Nasional Bhd’s grid upgrades and the domestic data centre boom.
MN Holdings Bhd is also positioned to benefit from these structural tailwinds.
Besides, we believe bottoming signals are emerging within the solar sector which presents “value-buy” opportunities for investors in Solarvest Holdings Bhd and Pekat Group Bhd, supported by substantial order books and government-led initiatives such as NETR, LSS5+ and Solar ATAP.
The FBM KLCI closed on a weaker note with technical indicators showing softer momentum at this current juncture as the MACD histogram is trading below zero while the RSI is still below 50.
Resistance is seen around 1,691-1,696 with support at 1,656-1,661. – April 8, 2026
