Market Reports

Daily Market Report - 30 March 2026
Daily Market Report - 30 March 2026
  • Wall Street retreated sharply as Brent crude oil surged past USD110 per barrel following fresh incidents in the Strait of Hormuz, heightening concerns over global energy supply.
  • The Dow fell 1.73% to 45,166.64, the S&P 500 declined 1.67% to 6,368.85, while the Nasdaq dropped 2.15% to 20,948.36.
  • Regional markets were mixed, with continued selling pressure in technology stocks, particularly in Taiwan and South Korea, as investors adopted a defensive stance amid persistent Middle East tensions.
  • In contrast, the HSI rose 0.38% to 14,951.88 on bargain hunting.
  • Back home, the FBM KLCI edged slightly higher, supported by selective buying in Sunway-related counters and Petronas Gas. We expect a shift towards defensive and commodity-related plays as investors hedge against external headwinds.
  • The index remains well supported above 1,710 and is expected to trade within the 1,710–1,725 range today.
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Daily Market Report - 27 March 2026
Daily Market Report - 27 March 2026
  • Wall Street closed sharply lower as expectations of a ceasefire between the U.S. and Iran diminished.
  • Brent crude oil rose to USD107/barrel. The Dow lost 1.01%, to end at 45,960.11. The S&P 500 slumped 1.74% to close at 6,477.16, while the Nasdaq dived 2.38% to end at 21,408.08.
  • Asian equities retreated as selling pressure in technology stocks resurfaced, with investors adopting a defensive stance amid persistent geopolitical tensions in the Middle East.
  • The HSI slid 480 points to fall below the 25,000 level, underscoring the cautious regional mood.
  • On the domestic front, the FBM KLCI edged lower as investors stayed on the sidelines in tandem with the weak performance of regional bourses.
  • Despite this, the index remains well supported above 1,710. For today, the benchmark is likely to remain range-bound between 1,710 and 1,730.
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Daily Market Report - 26 March 2026
Daily Market Report - 26 March 2026
  • Wall Street ended higher amid a declining crude oil price as Iran has received a 15 point proposal from the US to end the war.
  • The Brent crude is currently trending at USD102/barrel while the US 10-year yield eased to 4.332%.
  • Over in Hong Kong, the HSI rebounded as sentiment was buoyed by diplomatic progress between the US and Iran.
  •  The FBM KLCI trended higher to above the 1.715 level due to bargain hunting activities.
  • We believe bargain hunting to emerge at current range thus expect the index to hover within the 1,710-1,720 range today.
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Daily Market Report - 25 March 2026
Daily Market Report - 25 March 2026
  • Wall Street closed lower due to selling on Tech and healthcare stocks.
  • The Hang Seng Index, which had fallen 2.8% previously, recovered to close back above the 25,000 level, reflecting improved risk appetite across the region.
  • Back home, the FBM KLCI remains in a near-term consolidation phase as escalating geopolitical tensions in the Middle East continue to dampen sentiment.
  • Crude palm oil (CPO) prices holding above RM4,500 per tonne are likely to provide trading opportunities within the plantation space.
  • The benchmark index is expected to trade within a narrow range of 1,700 to 1,720 for today as investors continue to monitor geopolitical developments and commodity price trends.
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Daily Market Report - 24 March 2026
Daily Market Report - 24 March 2026
  • Wall Street ended broadly higher following Trump’s statement that negotiations are ongoing with Iran to halt strikes on Iranian power plants and infrastructure.
  • In line with this, crude oil price also dropped with the Brent crude dipped to below the USD100/barrel.
  • Meanwhile, the US 10-year yield eased slightly to 4.35%.
  • Over in Hong Kong, the HSI declined sharply to below the 24,500 mark.
  • Confidence was adversely affected by the high crude oil price as well as expectations of tightening monetary policy.
  • Back home, the FBM KLCI closed just above the 1,720 level last Friday ahead of the long weekend.
  • We believe the local bourse is still well supported, hence expect the index to hover within the 1,715-1,730 range today.
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