Market Reports

Daily Market Report - 21 May 2026
Daily Market Report - 21 May 2026
  • Wall Street closed broadly higher as all 3 major indices rebounded buoyed by Trump’s statement that the war with Iran will end soon.
  • As a result, crude oil prices eased to around USD105/barrel while the US bond yield retreated to 4.585%.
  • Meanwhile, Nvidia reported a higher-than-expected results for Q1 2027 after market with Q2 outlook surpassing consensus forecast as well.
  • Over in Hong Kong, the HSI declined particularly for high growth tech stocks on concerns over the escalating US bond yields hence heightening the prospects of no immediate rate cut from the Federal Reserve as yet.
  • Back home, the FBM KLCI dipped to below the 1,720 mark as selling from foreign funds continues.
  • We believe the ongoing consolidation to persist but may see the re emergence of stock accumulation today following a solid performance on Wall Street.
  • Therefore, we anticipate the index to trend within 1,715-1,730 range today.
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Daily Market Report - 20 May 2026
Daily Market Report - 20 May 2026
  • Wall Street ended lower as bond yields soared over concerns that recent high inflationary data may force the Federal Reserve to hike rates thus will be interesting to see the direction of new Fed chair Kevin Warsh.
  • The US 10-year yield hit 4.667% or a 1-year high.
  • Meanwhile, crude oil prices eased slightly with the Brent crude now at USD111/barrel.
  • As for Hong Kong equities, the HSI ended higher as confidence improved over the easing geopolitical tension in the middle east that also saw stabilizing crude oil price.
  • In addition, both Tencent and AIA announced their share buyback activities recently.
  • On the home front, the FBM KLCI finished marginally lower amid a muted session as investors remained side lined.
  • Sentiment is still cautious with foreign funds taking the opportunity to lock in profits.
  • As such, we believe the index may look to consolidate for a while, hence expect the index to hover within the 1,720-1,735 range today.
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Daily Market Report - 19 May 2026
Daily Market Report - 19 May 2026
  • Wall Street ended mixed as both the Nasdaq and S&P500 fell from persistent sell-down on tech stocks due to escalating crude oil price and high bond yields.
  • The Brent crude has edged above the USD112/barrel while the US 10-year yield has eased marginally to 4.585%.
  • Over in Hong Kong, the HSI declined further as investors’ confidence took a hit by China’s weaker than expected economic data for April as retail sales encountered the slowest growth since Dec-2022.
  • Back home, the FBM KLCI ended lower to below the 1,730 level amid the re emergence of political uncertainty domestically giving foreign funds fresh excuses to unload their holdings.
  • We see investors would have turned risk adverse for now hence may only look to bargain hunt when the index closes in to the 1,700 mark or below.
  • Therefore, we anticipate the index to trend within the 1,720-1,735 range today.
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Daily Market Report - 18 May 2026
Daily Market Report - 18 May 2026
  • The absence of any concrete deals and policy breakthroughs between China and the US following Trump’s visit to China has left traders deflated.
  • Additionally, Xi’s warning on Taiwan’s independence coupled with unresolved trade truce fueled a risk-off mood across global financial markets.
  • As a result, Wall Street closed broadly lower as traders decided to lock in profits, especially on tech stocks.
  • Meanwhile, the US 10-year yield edged higher at 4.597% amid inflationary pressure. In line with this, Asian markets closed mostly weaker.
  • The HSI ended below the 26,000 mark from sell-down mainly on tech stocks.
  • As for the local bourse, the FBM KLCI declined to the 1,740 level as sentiment remained in cautious mode. T
  • hus, for today, we expect the index to hover within the 1,735-1,750 range.
  • As for crude oil, the Brent crude price closes in on USD110/barrel as the Strait of Hormuz remain closed.
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Daily Market Report - 15 May 2026
Daily Market Report - 15 May 2026
  • It was a good day on Wall Street as both Nasdaq and S&P500 recorded fresh highs while the DJIA closed above the 50,000 level underscored by solid corporate earnings and a fruitful Trump-Xi meeting.
  • Many deemedthe meeting between Trump and Xi as “friendly” so far
    with many trades being reopened and revisited.
  • Meanwhile, the US 10-year yield edged higher at 4.483%.
  • Over in Hong Kong, the HSI pared earlier gains to end on a flat note amid an intensified selling pressure during the afternoon session as traders are looking at the outcome from the meeting between Xi and Trump.
  • On the homefront, the FBM KLCI closed flat. Traders were predominantly sidelined with attention mostly shifted on the Xi-Trump meeting over the next few days. Whilst trading activities have dwindled somewhat, we believe
    interest in the smaller caps may be gaining traction. Hence for today, we anticipate the index to trend between the 1,740-1,760 range.
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