BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI crept marginally higher again although gains remained capped by quick profit-taking as investors turned more cautious ahead of the tabling of Budget 2027 this Friday (Oct 9).
Market breadth, however, improved into positive territory despite total traded volume easing to 4.2 billion shares.
Going forward, we expect the market to maintain a cautious bias tone with investors likely to remain selective while awaiting greater clarity from the Budget 2027 announcement.
Sentiment could also take cues from the release of the FOMC (Federal Open Market Committee) minutes later tonight, particularly for indications on the US Federal Reserve’s monetary policy trajectory and interest-rate outlook.
The broader market could potentially build on the improving market breadth although we reckon selective stock picking remains key amid a cautious trading environment.
Meanwhile, the improvement in Nasdaq overnight could potentially lend support towards Bursa Malaysia’s technology sector today.
Following the base building in recent days, we reckon gains could sustain over the interim with the immediate resistances remain located at 1,657-1,663 points. The supports are envisaged at 1,625 points, followed by 1,620 points.
Malacca Securities Research
On the local front, the FBM KLCI is poised to track global tech strength with sentiment supported by robust earnings and positioning ahead of Budget 2027.
The semiconductor and automation space could remain in focus with semiconductors, AI artificial intelligence) and high-value investments being among the government’s key priorities.
UWC Bhd stands out after its 4Q FY2026 revenue jumped 71.1% to RM186.2 mil while its net profit surged 129.7% to reflect stronger semiconductor demand and project execution.
ViTrox Corporation Bhd could also attract interest following a sharp improvement in its 2Q FY2026 earnings.
Meanwhile, Top Glove Corp Bhd offers an earnings-driven play after its 4Q FY2026 revenue rose 39.7% to RM1.25 bil with net profit surging 352.6%.
Selective buying provided a minor lift to the local bourse on Tuesday though the benchmark remains capped under key moving averages. Downside risk persists as the MACD histogram stays below zero while the RSI is oversold below 30.
Key resistance is pegged at 1,648-1,663 while support is expected around 1,603-1,618. – Oct 7, 2026
