BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
Once again, the FBM KLCI managed to recoup all its intraday losses to march higher, driven by buying support in selective index heavyweights during the second half of the trading session on Thursday.
The improvement was also lifted by stronger reading from Malaysia’s Industrial Production data which rose 3.0% year-on-year (yoy) for June 2025 – its strongest performance since March 2025.
Despite that, trading interest remain cantered towards larger cap stocks, resulting in a weaker trading volume of 2.2 billion shares.
Near-term market conditions which appear slightly positive following the finalisation of tariff impositions could provide a boost to the FBM KLCI and may support further gains in the short term.
However, concerns over global economic growth may continue to weigh on investor sentiment.
Looking ahead, market participants are likely to remain cautious as they await a wave of corporate earnings releases in coming weeks.
This could limit the key index’s upside potential, particularly given the subdued earnings growth outlook.
Technically, the local bourse is now treading a hair away from the immediate resistance located at 1,550 points and upon a successful breakthrough, the next resistance is envisaged at 1,566 points.
On the flipside, the immediate support is pegged at 1,533 points, followed by 1,525 points.
Malacca Securities Research
We expect the local bourse to take a breather after 3-day winning streak ahead of the weekend.
However, we remain positive on selected technology stocks despite concerns over President Trump’s announcement of a 100% tariff on semiconductors as counters like Inari Amertron Bhd and Frontken Corp Bhd may stand to benefit from Apple’s additional US$100 bil investment in US manufacturing.
Besides, with the government’s strong push for renewable energy, underpinned by initiatives such as the National Energy Transition Roadmap (NETR), Corporate Renewable Energy Supply Scheme (CRESS) and large-scale solar (LSS) projects, traders may continue to look for trading ideas in solar-related counters.
They include Solarvest Holdings Bhd, ES Sunlogy Bhd and Northern Solar Holdings Bhd, to name a few counters.
The local bourse closed above all the MA (moving average) lines with technical indicators having turned positive at the current juncture; the MACD histogram has expanded above zero while the RSI is trading above 50.
Resistance is anticipated around 1,564-1,569 while support is located at 1,529-1,534. – Aug 8, 2025
