Market Reports

Daily Market Report - 10 March 2026
Daily Market Report - 10 March 2026
  • Wall Street underwent a wild session as all 3 major indices ended positively following a sharp decline after the opening bell.
  • Sentiment turned positive following Trump’s statement that that the war with Iran will end soon with the Brent crude ending at USD99/barrel.
  • Meanwhile, the US 10-year yield dipped lower at 4.109%.
  • Over in Asia, it was a regional bloodbath as the investment climate was shattered by the surge in crude oil price.
  • In fact, the Brent crude was up from USD92/barrel over the weekend to above USD110/barrel.
  • As a result, the HSI dropped by almost 350 points while the FBM KLCI was not spared either, declining by 44 points.
  • As confidence has been snapped decisively, we reckon bargain hunting within the local bourse may be side-lined for now possibly if and when the index closes in on the 1,650 level.
  • Nonetheless, we believe the Plantation sector may be one of the beneficiaries from the high crude oil price as the CPO price has climbed to RM4,160/tonne mark.
  • For today, we expect the index to hover between the 1,665-1,680 range.
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Daily Market Report - 9 March 2026
Daily Market Report - 9 March 2026
  • Wall Street ended the week on a weak note as sentiment was adversely affected by the spike in crude oil prices with Brent crude hovering above USD92/barrel and the dismal job data for February.
  • Faced with possibility of stagflation, the US economy is certainly further undermined by the high crude oil prices.
  • In addition, unemployment increased to 4.4% from 4.3% previously as February saw a drop in new jobs.
  • Meanwhile, the US 10-year yield was flat at 4.138%.
  • Over in Hong Kong, the HSI rebounded despite confidence remains fragile due to the high crude oil price with the index is still down by almost 550 points on a weekly basis.
  • Back home, the FBM KLCI closed higher predominantly due to the surge in Petronas Chemical share price (+22%) as the company is deemed to be in a advantageous position in terms of feedstock costs, where most are sourced in Malaysia rather than from the middle east.
  • For today, we expect the index to trend between the 1,710-1,725 range, as market undertone is seen cautious.
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Daily Market Report - 6 February 2026
Daily Market Report - 6 February 2026
  • Wall Street closed broadly lower as traders were rattled by the surging crude oil prices as the Brent crude topped at almost the USD85/barrel level.
  • In addition to this, Trump’s 15% global tariff that is likely to take effect this week further added to the uncertainty.
  • Meanwhile, the US 10-year yield edged higher to 4.138%.
  • Over in Hong Kong, the HSI rebounded but off the day’s high following some profit taking activities late in the session.
  • However, overall sentiment remains cautious amid the elevated crude oil price hence the potential inflationary pressure.
  • Back home, the FBM KLCI staged an even more convincing rebound with the index closing above the 1,710 mark again.
  • The buying was broad-based, illustrating the local bourse is well supported at current levels.
  • Nonetheless, amid the heightened market volatility, we believe trading today may be muted hence expect the index to trend between the 1,700-1,720 range today.
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Daily Market Report - 5 March 2026
Daily Market Report - 5 March 2026
  • Wall Street surprisingly closed higher as traders decided to focus on the improving economic data, namely better job creation in the private sector and better than expected growth in the manufacturing sector.
  • The US 10 year yield inched higher at 4.098%.
  • As for Hong Kong, the HSI continues to decline amid the ongoing war in the middle east underscored by growing concerns on higher crude oil price.
  • The index has lost almost 1,400 points over the last 3 trading days and is now at a 3-month low as sentiment has turned fragile.
  • Back home, the FBM KLCI dipped to below the 1,700 mark again, in line with the regional bloodbath with the KOSPI being the major loser, down by 12.1%.
  • Though we believe stock accumulation may occur at prevailing levels, we would advocate investors to start bargain hunting only when the index nears the 1,680 mark in view of prevailing uncertainties.
  • Thus, for today we expect the index to hover within the 1,685-1,700 range.
  • Meanwhile, crude oil price edged higher with the Brent now at almost the USD83/barrel.
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Daily Market Report - 4 March 2026
Daily Market Report - 4 March 2026
  • Wall Street ended lower but off the day’s low as uncertainty reign over the duration of the war between the US and Iran.
  • Many observers are worried that a protracted war would push crude oil prices higher, derailing the much anticipated rate cuts by the Federal Reserve.
  • Meanwhile, the US 10-year yield climbed higher at 4.065%.
  • Over in Hong Kong, the HSI extended its decline as the ongoing US-Iran war kept traders at bay with fears of surging crude oil prices, hence fanning inflationary concerns.
  • On the home front, the FBM KLCI made a swift rebound to stay above the 1,700 level amidst some bargain hunting activities.
  • Notwithstanding this, we believe sentiment remains fragile thus expecting the index to trend within the 1,700 1,715 range today.
  • Meanwhile, the Brent crude price has surged past the USD80 mark to close at around the USD81/barrel threshold.
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