Market Reports

Daily Market Report - 16 April 2026
Daily Market Report - 16 April 2026
  • It was a perplexing day on Wall Street.
  • While the DJIA ended in negative territory, both the Nasdaq and S&P500 touched record highs as traders decided to look beyond the prevailing tension in the middle east.
  • Meanwhile, second round negotiation between the US and Iran are ongoing and Trump has indicated that the war could be very close to over.
  • Asian markets ended broadly higher as hopes improved on potential resumption in negotiation between the US and Iran to ease the ongoing tension.
  • Nonetheless, the Brent crude is still stubbornly high but below the dreaded USD100/barrel thresholds.
  • As a result, Hong Kong equities ended marginally higher.
  • Back home, the FBM KLCI closed in negative territory after a solid opening.
  • We suspect foreign funds may be looking to pare down their holdings following a decent buying spree of late.
  • For today, we expect the index to hover within the 1,680-1,695 range.
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Daily Market Report - 15 April 2026
Daily Market Report - 15 April 2026
  • Wall Street ended higher in a strong session as traders are optimistic that a deal between the US and Iran is still on the cards.
  • As such, Brent crude declined to below the USD95/barrel level.
  • Many have also priced in the ongoing anxiety hence rendering US equities rather resilient at the moment.
  • Meanwhile, the US 10-year yield slid slightly to 4.246%.
  • As for Hong Kong equities, the HSI closed firmer boosted by the possible de-escalation of tension in the middle east and that both the US and Iran may re-commence with their negotiations again.
  • Back home the FBM KLCI climbed to almost the 1,690 mark attributed to improved regional sentiment amid selective bargain hunting activities.
  • Nonetheless, overall trading remained muted with daily volume at below the 3bn shares level.
  • For today, we expect the index to trend within the 1,685-1700 range.
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Daily Market Report - 14 April 2026
Daily Market Report - 14 April 2026
  • Wall Street closed broadly higher as traders are hoping that a deal would eventually be struck after the US initiated its blockade on the Strait of Hormuz.
  • Meanwhile, the US 10-year yield slid slightly to 4.293%.
  • Over in Hong Kong, the HSI declined as traders decided to pare down their holdings amid the surging crude oil prices following Trump’s decision to block the Strait of Hormuz after the ceasefire negotiation with Iran collapsed.
  • On the home front, the FBM KLCI closed lower as trading on the local bourse remained listless, tracking the volatile situation in the middle east.
  • Though the domestic stocks are ripe for accumulation at this level, we believe investors still prefer to be sideliners thus expect the index to hover within the 1,675-1,690 range today.
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Daily Market Report - 13 April 2026
Daily Market Report - 13 April 2026

  • Wall Stret ended mixed as negotiations for a ceasefire in the Middle East remains uncertain with no immediate solutions in sight.

  • In addition to this, consumer confidence has plunged to a record low in April as fears mounted over rising energy prices amid the ongoing war.

  • Notwithstanding this, crude oil prices declined with Brent crude current at USD95/barrel.

  • Meanwhile, the US 10-year yield edged slightly higher at 4.317%.

  • Over in Hong Kong, the HSI rebounded to almost the 26,000 thresholds driven by signs that China’s deflation may be easing but overall sentiment remains cautious.

  • Back home, the FBM KLCI climbed above the 1,690 level attributed to some bargain hunting activities.

  • Overall trading is still muted since investors preferred to be sidelined for now.

  • As such, we expect the index to trend between the 1,685-1,695 range today.

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Daily Market Report - 10 April 2026
Daily Market Report - 10 April 2026
  • Wall Street extended its relief rally as traders are hoping that the supposed 2-week ceasefire can be sustained amid some negotiations are still ongoing.
  • Meanwhile, US core inflation came in within consensus at 3% but the GDP for 4Q has been adjusted lower at 0.5% from 0.7% previously thus pushing 2025 growth lower to 2.1%.
  • Asian markets retreated as expectations of an early treaty in the middle east began to fade.
  • The Straits of Hormuz remains closed depicting the fragility of the purported ceasefire, further heightening the volatility of crude oil prices.
  • As a result, the Brent crude trended to almost the USD100/barrel again.
  • In line with this, the HSI declined as traders decided to lock in profits from the rally the day before.
  • Back home, the FBM KLCI dipped to around the 1,685 mark as sentiment have turned cautious thus prefer to stay side-lined.
  • For today, we expect trading to be muted with the index to hover within the 1,680-1,695 range.
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