Market Reports

Daily Market Report - 22 April 2026
Daily Market Report - 22 April 2026
  • Wall Street closed broadly lower as concerns grew on the looming ceasefire expiry later today.
  • Nonetheless, in a latest development, Trump is extending the ceasefire indefinitely.
  • In line with the uncertainty, crude oil price jumped again with the Brent approaching the USD99/barrel level.
  • As for Hong Kong equities, the HSI maintained its uptrend to end near the 26,500 mark.
  • Overall sentiment improved following reports of possible negotiations between the US and Iran thus easing fears of escalating tension in the middle east.
  • In line with this, the FBM KLCI continues with its uptrend to close beyond the 1,715 level.
  • Meanwhile, we also noticed that interest in the smaller and mid cap stocks may be resurfacing, which is solid news.
  • Nonetheless, we still need to see improvements in the daily trading volume before we are convinced.
  • For today, we expect the index to hover within the 1,710-1,730 range.
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Daily Market Report - 21 April 2026
Daily Market Report - 21 April 2026
  • Wall Street retreated over the escalation of tension between the US and Iran.
  • As such, crude oil price surged with the Brent crude hitting the USD96/barrel again.
  • Meanwhile, the US 10-year yield was stagnant at 4.258%.
  • Over in Hong Kong, the HSI close higher, maintaining above the 26,000 thresholds.
  • Sentiment 1 was buoyed by China’s central bank keeping interest rate unchanged in addition to more market supportive measures.
  • Despite the prevailing uncertainty in the middle east, the FBM KLCI climbed to above the 1,700 level underpinned by continuous accumulation of big caps.
  • We noticed there were also buying interests on the mid-cap stocks with an eye on the KLCI expansionary list as funds began to roll into the local bourse.
  • For today, we anticipate the index to trend within the 1,695-1,710 range.
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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.
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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.
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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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