Market Reports

Daily Market Report - 12 May 2026
Daily Market Report - 12 May 2026
  • Wall Street closed marginally higher as traders are waiting for the all-important April’s inflation data due later today.
  • Meanwhile, the ceasefire between the US and Iran remains weak thus pushed the US 10-year yield higher at 4.412%. It was a choppy session on the HKSE today.
  • The HSI opened broadly lower as the US rejected Iran’s peace plan but later gained traction to close on a flat note.
  • On the home front, the FBM KLCI failed to hold on to its positive performance as the index ended lower, attributed to profit taking activities presumable from the foreign funds.
  • Market undertone has turned cautious amid the high Brent crude price that is still stubbornly above the USD104/barrel.
  • We will advocate investors to start bargain hunting if the index dips further or at around the 1,720-30 levels.
  • For today, we expect the index to hover within the 1,740-1,750 range.
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Daily Market Report - 11 May 2026
Daily Market Report - 11 May 2026

  • Wall Street closed higher as both the Nasdaq and S&P500 hit record highs again. Overall sentiment was bolstered by the better than expected job data in addition to the strong earnings thus far. However, uncertainty remains over the middle east as both the US and Iran exchanged fire pushing the Brent crude higher at USD101/barrel

  • . Meanwhile, the US 10-year yield eased to 4.36%. Asian markets were broadly lower as sentiment was dampened by reports of fresh clashes between the US and Iran in the Strait of Hormuz, reversing overall risk appetite.

  • As a result, the HSI fell to below the 26,400 thresholds as major tech and financial stocks encountered selling pressure. On the home front, the FBM KLCI also closed lower following a solid run-up this week.

  • The FBM KLCI dipped to below the 1,750 level attributed to profit taking activities on the index linked laggards which saw strong buying interest of late. Despite this, we remain confident that the index will trend higher underscore by persistent foreign buying participation. For today, we expect the index to trend within the 1,745-1,760 range.

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Daily Market Report - 8 May 2026
Daily Market Report - 8 May 2026
  • Wall Street closed in negative territory as all 3 major indices ended lower following a decent opening as traders are now looking for more developments between the US and Iran.
  • The situation in the middle east remains uncertain as depicted by the Brent crude price still elevated at USD100/barrel while the US 10-year yield inched higher at 4.386%.
  • Asian markets were broadly higher as sentiment was buoyed by news that a truce would be enforced to re-open the Strait of Hormuz and lift the US blockade on Iranian ports.
  • As a result, Hong Kong equities climbed to a 2-month high.
  • Back home, the FBM KLCI ended on a positive note but off the day’s high amid some intermittent consolidation.
  • Nonetheless, we believe there are still legs for the local bourse to trend higher going forward hence we anticipate the index to hover within the 1,755-1,765 range today.
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Daily Market Report - 7 May 2026
Daily Market Report - 7 May 2026
  • Wall Street closed higher with both the Nasdaq and S&P500 charting record highs buoyed by reports that both the US and Iran may end the war soon.
  • Additionally, a rosy outlook from AMD following a solid earnings report further boosted sentiment.
  • Meanwhile, the US 10 year yield eased to 4.352%.
  • As for Hong Kong equities, the HSI rebounded to above the 26,200 level underpinned by improving sentiment of a de-escalation of the middle east conflict following news that the US may pause its naval operations in the Strait of Hormuz.
  • As a result, Brent crude price lost further ground to USD100/barrel currently.
  • In addition, Hong Kong 1Q GDP growth hit a 5-year high at 5.9%.
  • Back home, the FBM KLCI continues to excel to end above the 1,755 mark as foreign buying persists.
  • Buying interests were again centred on index linked laggards as most have been playing catch-up.
  • For today, we expect the index to trend between the 1,750-1,765 range.
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Daily Market Report - 6 May 2026
Daily Market Report - 6 May 2026
  • Wall Street closed broadly higher with both Nasdaq and the S&P500 reacting positively to upbeat earnings results to end at new record highs.
  • Nonetheless, the situation over in the middle east remains fluid despite the Brent crude has fallen to USD110/barrel.
  • Meanwhile, the US 10-year yield eased marginally to 4.426%.
  • Over in Hong Kong, the HSI declined to below the 25,900 mark as traders are concerned over the escalating tension in the middle east.
  • Risk appetite was also affected by the below average results from HSBC which was affected by high provisions.
  • On the home front, the FBM KLCI maintained its ascension to close at almost the 1,750 level or around a 2-month high.
  • Persistent late accumulation on index-linked laggards by foreign funds has been a feature of late rendering the local bourse quite well supported at current levels.
  • Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon hence we anticipate the index to hover within the 1,740-1,760 range today.
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