Market Reports

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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Daily Market Report - 5 May 2026
Daily Market Report - 5 May 2026
  • Wall Street ended lower as fresh tension between Iran and the UAE illustrated the instability in the middle east, sending crude oil prices higher with the Brent crude hitting USD114/barrel.
  • Meanwhile, the US 10-year yield edged higher at 4.432%.
  • As for Hong Kong equities, the HSI jumped to close above the 26,000 mark despite conflicting news within the Strait of Hormuz as the Brent crude price stay elevated.
  • On the flipside, the property sector received a boost after Morgan Stanley raised its property prices outlook.
  • Back home, the FBM KLCI maintained its solid performance as it closed near the 1,740 level.
  • Buying was broad based indicating investors are sanguine of corporate Malaysia’s earnings report this month.
  • Thus, for today, we expect the index to trend between the 1,730-1.750 range.
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Daily Market Report - 4 May 2026
Daily Market Report - 4 May 2026
  • Wall Street ended on a mixed note as the S&P 500 touched another record high, spearheaded by Apple following a solid 2Q earnings report.
  • This is despite crude oil price remains elevated amid the uncertainty overhanging the negotiations between the US and Iran.
  • The US 10-year yield saw little changes at 4.372%.
  • Both the Hong Kong and Malaysian markets were closed for Labour Day last Friday.
  • For Hong Kong, the HSI declined to below the 25,800 level on concerns over the US inflationary outlook that could delay any monetary easing moves.
  • On the domestic front, the FBM KLCI closed marginally higher on late bargain hunting activities as focus remains centred on index laggards.
  • We believe foreign funds to maintain its net inflows underscored by the IMF’s recent positive outlook on the country’s economy.
  • As such, we anticipate the index to hover within the 1,720-1,735 range today.
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Daily Market Report - 30 April 2026
Daily Market Report - 30 April 2026
  • Wall Street closed mostly lower as Brent crude oil prices rose to USD118 per barrel after President Donald Trump signaled preparations for a prolonged blockade of Iran, raising concerns over global energy supply disruptions.
  • The DJIA and S&P 500 fell 0.57% and 0.04%, respectively, while the tech-heavy Nasdaq edged up 0.04%, supported by selective buying in technology stocks.
  • In Hong Kong, the HSI rebounded strongly, gaining 1.68% to 26,111.84, led by broad-based strength in financials, technology and auto counters, reflecting improved regional sentiment.
  • Back home, the FBM KLCI ended lower amid profit-taking activities following recent gains. Nonetheless, the pullback may present opportunities for investors to accumulate fundamentally sound blue chips at more appealing valuations.
  • Looking ahead, sentiment is likely to remain cautious amid elevated oil prices and ongoing geopolitical tensions.
  • While downside may be cushioned by selective buying, upside could remain gradual in the absence of clearer positive catalysts.
  • As such, we expect the benchmark index to trade within the 1,710–1,730 range today.
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