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 all its previous session losses on Tuesday, lifted by gains in selected banking and construction-related heavyweights.
Trading activity climbed to 3.85 billion shares from 3.74 billion shares in the previous session.
Market breadth remained mixed with 629 advancers against 626 decliners, implying persistent profit-taking activities capping gains among broader market stocks.
Going forward, the FBM KLCI may maintain a slight positive bias in the near term, supported by continued buying interest in selected banking and construction heavyweights that could help sustain the recent recovery momentum.
While intermittent profit-taking within the broader market may cap the pace of the gains, the key index could gradually trend higher if accumulation in index-linked stocks persists.
Investors are likely to remain cautiously optimistic with sentiment anchored by domestic infrastructure themes and improving regional market tone although external developments will continue to be monitored for directional cues.
Technically, the key index has gapped up and formed a bullish candlestick to resume its recovery trend. Near-term resistances are located at 1,732-1,740 points. Meanwhile, the immediate support is at 1,710 points, followed by the 1,700 psychological level.
Malacca Securities Research
In view of the sell-offs in the US market, we expect profit-taking activity on the local bourse.
Meanwhile, following news that UEM Sunrise (UEMS) has been identified as a takeover target for privatisation, analysts note that the stock is trading at a steep discount to its book value, thus propelling a surge in the property sector.
While UEMS’ landbank is primarily situated in Johor, other property developers that may attract increased buying interest due to their substantial landbanks in the JS-SEZ (Johor-Singapore Special Economic Zone) region include Eco World Development Group Bhd, IOI Properties Group Bhd and Mah Sing Group Bhd.
Also, we remain optimistic on the DC (data centre) theme by favouring Sunway Construction Group Bhd, ISF Group Bhd and Ranhill Utilities Bhd.
The FBM KLCI rebounded with its technical indicators showing positive signals at this current juncture as the MACD histogram has expanded strongly above the zero line while the RSI is trading above 50.
Resistance is seen around 1,744-1,749 with support at 1,709-1,714. – April 29, 2026
