Market Reports

Daily Market Report - 7 April 2026
Daily Market Report - 7 April 2026
  • Wall Street ended on a positive note as traders are betting that the US-Iran war will come to an end soon 1 despite the lack of clarity and Trump’s latest threat to destroy Iran infrastructure.
  • Nonetheless, the Brent crude remains elevated at USD110/barrel while the US 10-year yield inched higher at 4.337%.
  • The Hong Kong market is still closed for holiday.
  • On the home front, the FBM KLCI retreated to almost the 1,680-level attributed to late selling by foreign funds amid the lack of clarity in the middle east coupled with the lackluster regional performance.
  • Nonetheless, we remain adamant that local stocks are ripe for some accumulation at current range hence are advocating investors to initiate some bargain hunting activities.
  • For today, we expect the index to hover within the 1,680-1690 range.
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Daily Market Report - 6 April 2026
Daily Market Report - 6 April 2026
  • Wall Street was closed last Friday but a peek at the future indicates that all 3 major indices are trending in negative territory.
  • Over in Asia, it was a mixed day for Asian markets as sentiments remains very entrenched on the prevailing tension in the middle east exacerbated by the latest shooting down of US planes that many are wary for Trump’s more aggressive next move.
  • The Hong Kong Stock Exchange was closed for Good Friday and will resume trading on April 8th.
  • On the home front, the FBM KLCI ended slightly lower after hovering in positive region for most of the session mainly due to late selling by foreign funds.
  • We believe sentiment to stay cautious thus expect another muted session as Brent crude price is still trending between the USD100-USD110/barrel range.
  • For today, we anticipate the index to hover within the 1,690-1700 range.
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Daily Market Report - 3 April 2026
Daily Market Report - 3 April 2026
  •  Wall Street ended on a mixed note as traders are concerned over the protracted war in Iran. The lack of clarity also saw crude oil price remaining volatile with the Brent crude staying elevated at USD109/barrel.
  • Meanwhile, the US 10-year yield dipped marginally to 4.309%.
  • The US market will be closed for Good Friday today.
  • Asian markets retreated following Trump’s more aggressive narratives that the US military operations may intensify in Iran over the next 2-3 weeks, eroding hopes of a de-escalation in tension.
  • As a result, the Brent crude jumped towards the USD110/barrel, instigating another widespread selling across Asia.
  • In Hong Kong, the HSI dipped to below the 25,000 level before recovering to close to just above the 25,100 mark.
  • Back home, the FBM KLCI ended at below the 1,700 thresholds as market undertone remains cautious.
  • Though the market is ripe for accumulation at this range, traders preferred to remain side-lined until more clarity emerges.
  • For today, we anticipate the index to trend within the 1,690-1,705 range.
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Daily Market Report - 2 April 2026
Daily Market Report - 2 April 2026

  • Wall Street closed higher despite conflicting messages from both the US and Iran.

  • Nonetheless, Trump remains adamant that the war will end in 2 to 3 weeks’ time.

  • Meanwhile, the Brent crude eased to around USD101/barrel with the US 10-year yield inched higher to 4.323%. Boosted by the positive developments in the middle east along with Trump’s soothing statement that the ongoing tension will evaporate within the next 2 to 3 weeks.

  • Asian markets ended the day mostly in positive territory. In Hong Kong, the HSI jumped to almost the 25,300 mark supported by broad based buying.

  • Whilst the FBM KLCI closed at almost the 1,710 level attributed to the emergence bargain hunting following a dismal performance the day before.

  • Locally, we still noticed some apprehension despite the positive performance nonetheless expect a continuation of buying activities thus expect the index to trend between 1,705-1,720 range today.

  • Meanwhile, the CPO ended at a YTD high hovering at around the RM4,800/MT.

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Daily Market Report - 1 April 2026
Daily Market Report - 1 April 2026

  • Wall Street staged a relief rally as confidence was given a great boost that the war in the middle east will come to an end soon. Unconfirmed reports said the Iran President is open to end the tension soon with guarantees of which Trump is agreeable with it.

  • Meanwhile, the US 10-year yield eased to 4.131% whereby the Brent crude declined to below the USD105/barrel from its day high of USD110/barrel.

  • Over in Hong Kong, despite the slight gain in the HSI, overall trading was tepid as sentiment remains affected by the escalating tension in the middle east coupled with the ascending crude oil price.

  • Back home, the FBM KLCI managed to close above water attributed to last minute buying activities. Though we reckon market undertone to stay cautious overshadowed by Trump’s purported “war-ending” policies of which the world is still waiting.

  • The latest developments between the US and Iran may give global markets a solid push thus expect the benchmark index to hover within the 1,700-1730 range today.

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