Market Reports

Daily Market Report - 26 May 2026
Daily Market Report - 26 May 2026
  • Both the US and Hong Kong markets were closed for public holiday yesterday.
  • Nonetheless, US stock futuresjumped broadly higher following Trump’s statement that the US-Iran deal is within reach. As a result, crude oil
    prices declined with the Brent crude now trending at around USD96/barrel.
  • As for the local bourse, the FBM KLCI weakened to below the 1,710 level as market undertone remains cautious despite the weakening
    crude oil prices. Traders were mostly side-lined as illustrated by the muted trading volume at just above the 3bn share threshold.
  • Thus, for today we expect the index to hover within the 1,700-1,715 range.
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Daily Market Report - 22 May 2026
Daily Market Report - 22 May 2026
  • Wall Street ended higher as hopes grew for a resolution of the middle east conflict.
  • As a result, crude oil prices declined with the Brent crude dipping to USD102/barrel while the US 10-year yield remains flat at 4.57%.
  • In Hong Kong, the HSI fell to below the 25,400 mark erasing all gains during the morning session as sentiment became edgy following the spike in US 10-year yield to above the 4.6% again hence the sell-down on tech stocks.
  • On the home front, the FBM KLCI declined to below the 1,710 level as foreign selling persisted.
  • Judging by the ongoing correction, we believe the index may dip below the 1,700 thresholds before rebounding.
  • Therefore we expect the index to hover within the 1,700-1,715 range today.
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Daily Market Report - 21 May 2026
Daily Market Report - 21 May 2026
  • Wall Street closed broadly higher as all 3 major indices rebounded buoyed by Trump’s statement that the war with Iran will end soon.
  • As a result, crude oil prices eased to around USD105/barrel while the US bond yield retreated to 4.585%.
  • Meanwhile, Nvidia reported a higher-than-expected results for Q1 2027 after market with Q2 outlook surpassing consensus forecast as well.
  • Over in Hong Kong, the HSI declined particularly for high growth tech stocks on concerns over the escalating US bond yields hence heightening the prospects of no immediate rate cut from the Federal Reserve as yet.
  • Back home, the FBM KLCI dipped to below the 1,720 mark as selling from foreign funds continues.
  • We believe the ongoing consolidation to persist but may see the re emergence of stock accumulation today following a solid performance on Wall Street.
  • Therefore, we anticipate the index to trend within 1,715-1,730 range today.
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Daily Market Report - 20 May 2026
Daily Market Report - 20 May 2026
  • Wall Street ended lower as bond yields soared over concerns that recent high inflationary data may force the Federal Reserve to hike rates thus will be interesting to see the direction of new Fed chair Kevin Warsh.
  • The US 10-year yield hit 4.667% or a 1-year high.
  • Meanwhile, crude oil prices eased slightly with the Brent crude now at USD111/barrel.
  • As for Hong Kong equities, the HSI ended higher as confidence improved over the easing geopolitical tension in the middle east that also saw stabilizing crude oil price.
  • In addition, both Tencent and AIA announced their share buyback activities recently.
  • On the home front, the FBM KLCI finished marginally lower amid a muted session as investors remained side lined.
  • Sentiment is still cautious with foreign funds taking the opportunity to lock in profits.
  • As such, we believe the index may look to consolidate for a while, hence expect the index to hover within the 1,720-1,735 range today.
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Daily Market Report - 19 May 2026
Daily Market Report - 19 May 2026
  • Wall Street ended mixed as both the Nasdaq and S&P500 fell from persistent sell-down on tech stocks due to escalating crude oil price and high bond yields.
  • The Brent crude has edged above the USD112/barrel while the US 10-year yield has eased marginally to 4.585%.
  • Over in Hong Kong, the HSI declined further as investors’ confidence took a hit by China’s weaker than expected economic data for April as retail sales encountered the slowest growth since Dec-2022.
  • Back home, the FBM KLCI ended lower to below the 1,730 level amid the re emergence of political uncertainty domestically giving foreign funds fresh excuses to unload their holdings.
  • We see investors would have turned risk adverse for now hence may only look to bargain hunt when the index closes in to the 1,700 mark or below.
  • Therefore, we anticipate the index to trend within the 1,720-1,735 range today.
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