BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI extended its decline yesterday to mark its fourth day losing streak after reversing earlier intraday gains to trade mostly in negative territory throughout the session.
Trading activity continued to ease with total market volume declining to 3.44 billion shares from 3.50 billion shares in the previous session.
Market breadth also turned slightly negative with 581 decliners outnumbering 562 advancers, pointing to weaker broad-based sentiment.
Going forward, we expect the FBM KLCI to remain cautious and range-bound in the near term amid lingering uncertainty surrounding developments in the Middle East with elevated oil prices adding to concerns over potential stickier inflation and global growth outlook.
Investors are likely to remain on the sidelines ahead of the release of Malaysia retail sales data to gauge the health of the local economy along with the US July CPI data slated to be release later tonight which could provide further clues on the Federal Reserve’s interest-rate trajectory and influence broader risk appetite.
Technically, the key index has trended lower but remains within the uptrend formation. The immediate resistances remain envisaged at 1,739 points, followed by 1,750 points. Meanwhile, near-term supports are pegged at 1,720 points and 1,711 points respectively.
Malacca Securities Research
The FBM KLCI is projected to trade on a stronger footing and is likely to rebound, bolstered by positive policy catalysts, including the government’s award of 331MW in green energy projects under the Feed-in Tariff programme worth over RM4 bil.
Besides, we expect momentum to be seen in ISF Group Bhd following its recent technical breakout, supported by its business exposure to industrial and data centre utility projects.
Lastly, Foodie Media Bhd remains in focus after breaking out of its downtrend line while holding steady above its 100-day SMA (simple moving average), signalling renewed buying interest.
While retreating slightly on Tuesday, the FBM KLCI comfortably held above its 10-day SMA with technical indicators showing underlying strength. The MACD histogram has stayed in the positive region while the RSI is hovering above the 50 level.
Key resistance is pegged at 1,746-1,761 with support expected around 1,701–1,716. – Aug 12, 2026
