BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI recovered most of its previous session losses on rising expectations of a potential deal between the US and Iran after the former initiated a blockade of the Strait of Hormuz.
Trading activity, however, eased to 2.85 billion shares from 2.94 billion shares in the previous session, reflecting prevailing uncertainties surrounding geopolitical developments.
Market breadth turned positive with 663 advancers edging past 455 decliners, indicating selective bargain hunting emerging following the recent bout of selling pressure
Looking ahead, the FBM KLCI may trade with a slight positive bias as the key index looks to build on its recent recovery trend on rising expectations of a ceasefire in the Middle East.
Improving market breadth and signs of bargain hunting in selected heavyweights could provide near-term support while the shifting concerns over geopolitical developments towards the upcoming barrage of US corporate earnings releases may help lift overall risk appetite.
Technically, the FBM KLCI has gapped up to remain within its extended downward bias consolidation trend.
Any potential extension of the on-going recovery could be limited towards the immediate resistance at 1,695 points, followed by the 1,700 psychological level. Meanwhile, near-term supports remain located at the 1,673-1,665 levels.
Malacca Securities Research
Tracking Wall Street’s positive performance, we expect the FBM KLCI to follow suit and extend its upward momentum, particularly within the technology sector.
Meanwhile, following the rebound in Sunway Construction Group Bhd, we believe Gamuda Bhd is also poised for a ‘bottoming out’ signal, supported by their respective order books which stand at RM6.9 bil and RM44 bil.
Buying interest continues to build in solar-related counters which serve as an immediate economic hedge against rising domestic electricity tariffs.
Lastly, scheduled waste management services provider 5E Resources Holdings Bhd is set to make its ACE Market debut today.
The FBM KLCI rebounded with its technical indicators showing mixed signals at this current juncture as the MACD histogram started to expand above the zero while the RSI is still trading below 50.
Resistance is seen around 1,703-1,708 with support at 1,668–1,673. – April 15, 2026
