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 gains by taking cue from the positive developments on Wall Street overnight ahead of the potential US-Iran negotiations.
Trading activity improved with total volume climbing to 3.58 billion shares from 3.41 billion shares in the previous session.
Market breadth remained positive with 678 advancers outpacing 458 decliners as the recovery spilled over to the broader market.
We expect the FBM KLCI to maintain a slight positive bias tone, supported by improving global risk appetite following the overnight Wall Street rally, easing oil prices and signs of potential progress in the US-Iran negotiations.
The recent market correction could also encourage selective bargain hunting, particularly in oversold index heavyweights.
Nevertheless, upside is likely to remain measured amid elevated US treasury yields, expectations of further US Federal Reserve tightening and lingering geopolitical uncertainties.
Technically, the key index has formed a bullish candlestick and could potentially build onto recent rebound. The immediate resistances remain located at 1,687 points, followed by 1,700 points. Meanwhile the supports are now shifted to 1,660 points and 1,655 points respectively.
Malacca Securities Research
We expect the FBM KLCI to trade on a mixed footing with buying interest likely to remain selective.
We continue to favour technology and renewable energy counters with ViTrox Corp Bhd in focus as the SMTA Penang Expo & Tech Forum begins by showcasing AI (artificial intelligence)-driven machine-vision and inspection solutions while the group posted record 2Q FY2026 revenue of RM374.9 mil and net profit of RM84.5 mil.
Verdant Solar Holdings Bhd (target price: 29 sen) could see further attention on improving earnings visibility, underpinned by its RM63.0 mil outstanding order book and a 4Q FY2026 net profit of RM1.5 mil.
Meanwhile, Unisem Bhd remains a key semiconductor recovery play, supported by 20.0% year-on-year (yoy) revenue growth in 2Q FY2026 to RM570.1 mil and its proposed RM742.0 mil private placement to fund capacity expansion.
Renewed buying interest lifted the FBM KLCI amid improving near-term set-up. Downside momentum is easing as the MACD histogram forms a rounding bottom pattern, supported by a rebounding RSI formation from the oversold territory.
Key resistance sits at 1,698-1,713 while near-term support is pegged at 1,653-1,668. – Sept 23, 2026
