Market Reports

Daily Market Report - 3 June 2026
Daily Market Report - 3 June 2026
  • Wall Street closed higher with the S&P 500 notching another record high.
  • This is despite the ongoing uncertainty with regards to the US-Iran negotiations.
  • Meanwhile, crude oi price edged higher at USD96/barrel while the US 10-year yield was flat at 4.453%.
  • Over in Hong Kong, the HSI closed above the 26,000 mark driven mainly by tech AI related stocks and the record breaking performance on Wall Street overnight.
  • As for the local bourse, we believe bargain hunting activities to emerge sooner than later following a long break last week.
  • As such, we expect the index to hover within the 1,680-1,700 range today.
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Daily Market Report - 29 May 2026
Daily Market Report - 29 May 2026
  • Wall Street scaled higher following reports that both the US and Iran have agreed on a 60-day MOU to extend the ceasefire and continue negotiations on Iran’s nuclear program.
  • As a result, the Brent crude declined to USD93/barrel while the US 10-year yield eased to 4.453%. Asian markets took the brunt of sell-down yesterday as majority ended in the red.
  • Sentiment have turned cautious over the uncertain signals from the geopolitical tension in the middle east. In Hong Kong, the HSI slid to just above the 25,000 mark or a 4-month low led by declines in financial, tech and retail stocks.
  • Back home, the FBM KLCI succumbed to late heavy selling as the index closed at below the 1,685 level, which is around a 3-month low.
  • Though we view this as an opportunity to bargain hunt, we prefer to advocate investors to remain vigilant as the impact from yen carry trade could be unfolding underscored by the hike in Japan 10-year yield.
  • Thus, for today we expect the index to hover within the 1,680-1,700 range.
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Daily Market Report - 28 May 2026
Daily Market Report - 28 May 2026
  • Wall Street ended higher with the DJIA notching anotherrecord high amid the weakening crude oil prices as optimism of a middle east truce rose.
  • Brent crude is currently trending below USD95/barrel while the US 10-
    year yield also ticked lower at 4.483%.
  • Over in Hong Kong, the HSI declined to a 2-month low as sentiment
    remained cautious over the uncertainty in the middle east.
  • Selling was broad-based particularly within the realestate, energy and tech sectors.
  • On the home front, the FBM KLCI ended below the 1,700 mark on Tuesday due to strong late selling noticeably from the foreign funds. Over the last 2 trading days, net foreign outflows totalledRM190m and we believe this may continue.
  • Notwithstanding this, with the index now at below 1,700,we would encourage clients to start bargain hunting. Fortoday, we anticipate the index to trend between the1,695-1,710 range.
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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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