Market Reports

Daily Market Report - 20 April 2026
Daily Market Report - 20 April 2026
  • Wall Street ended sharply higher as Iran declared the Strait of Hormuz completely open in addition to a 10 day ceasefire announcement between Israel and Lebanon.
  • As a result, crude oil price declined with the Brent crude dipping to around the USD90/barrel.
  • Meanwhile, the US 10-year yield inched lower at 4.248% following the de-escalating tension in the middle east.
  • As for Hong Kong equities, the HSI declined to almost the 26,000 level as traders remained uneasy over the ceasefire negotiations in the middle east.
  • Back home, the FBM KLCI close on a positive note due to late buying activities.
  • Overall interest was broad based but noticed Gamuda and PPB back on radar.
  • For today, we expect the index to hover within the 1,690-1,700 range.
  • In a latest development, Iran said that the Strait of Hormuz is closed again after some vessels came under gunfire.
  • Whilst the whole situation is still very fluid, we advise investors to exercise caution and prefer to look at laggards.
Download
Daily Market Report - 17 April 2026
Daily Market Report - 17 April 2026
  • It was another interesting day on Wall Street as all 3 major indices closed higher with the S&P500 and Nasdaq notching record highs.
  • Sentiment has been buoyed by optimism that a resolution in the middle east may be soon amid a 10-day ceasefire between Israel and Lebanon.
  • Despite this, crude oil price edged higher as the Brent crude is closing in to the USD100/barrel again.
  • In Asia, improving sentiment attributed to the easing tension in the middle east with a potential ceasefire negotiation between the US and Iran saw most major Asian markets closed higher.
  • In Hong Kong, the HSI flew past the 26,000 mark while the FBM KLCI ended near the 1,690 level.
  • Buying on the local bourse was broad based as the laggards made a late charge from bargain hunting activities.
  • Therefore, we reckon buying should prevail today and expect the index to trend within the 1,685-1,700 range.
Download
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.
Download
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.
Download
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.
Download