BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI came under further selling pressure with only less than handful of gainers as the key index posted its fifth consecutive session of decline.
Trading activity, however, improved with total volume stepping up to 3.32 billion shares from 3.12 billion shares in the previous session.
Market breadth stayed negative with 684 decliners overthrowing 412 advancers as selling pressure also spilled into the lower liners.
The near-term outlook for the FBM KLCI remains tilted to the downside with investors likely to stay cautious amid lingering geopolitical uncertainties and a lack of fresh domestic catalysts.
Attention will also turn to the upcoming US job openings and consumer confidence data later tonight which could influence expectations for the Federal Reserve’s policy path and, in turn, global risk appetite.
A softer-than-expected set of readings may offer some relief to equities but any signs of resilient labour demand or weakening consumer sentiment could add to market volatility.
Under the prevailing set-up, the local bourse may attempt for a technical rebound as gains likely to remain measured with the immediate resistances remain located at 1,665-1,683 points. The supports are now pegged at 1,640 points, followed by 1,630 points.
Malacca Securities Research
Locally, we anticipate sustained interest in data centre infrastructure and regional expansion plays as Malaysia strengthens its digital infrastructure ecosystem.
Powerwell Holdings Bhd could attract attention following its strategic collaboration with Socomec to develop integrated power train units (PTUs) combining power distribution and UPS systems for large data centres and hyperscale facilities.
Meanwhile, UMS Integration Ltd has proposed a RM450.0 mil private placement with RM332.0 mil earmarked for its Penang expansion and a further RM111.0 mil for projects in Vietnam and Singapore.
Kelington Group Bhd also remains in focus following its largest-ever contract win worth RM1.8 bil (on Sept 14), thus lifting its order book to more than RM3.6 bil while extending its earnings visibility through 2029.
The FBM KLCI extended its pullback on Tuesday by remaining below its major moving averages. Momentum has weakened slightly with the MACD histogram forming a rounding top while the RSI remained below 50.
Immediate resistance is seen at 1,658-1,673 while near-term support is located at 1,613-1,628. – Sept 30, 2026
