Market Reports

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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Daily Market Report - 29 April 2026
Daily Market Report - 29 April 2026
  • Wall Street retreated amid profit-taking following recent record highs in the S&P 500 and Nasdaq. Investor sentiment was further weighed by concerns surrounding OpenAI and rising oil prices.
  • The Dow eased 0.05% to 49,141.93, the S&P 500 lost 0.49% to 7,138.80, while the Nasdaq declined 0.90% to 24,663.80.
  • Key regional markets finished lower amid elevated oil prices and lingering geopolitical uncertainties, while the Bank of Japan kept rates unchanged as widely expected.
  • The HSI slipped 0.20% to 25,925.65, weighed by selling in tech and auto stocks.
  • Back home, the FBM KLCI closed higher on late buying in selected heavyweights, suggesting early signs of accumulation on dips. While the index shows resilience, overall participation remained measured as investors stayed cautious.
  • We expect the benchmark to trade within the 1,725–1,740 range today.
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Daily Market Report
Daily Market Report

  • Despite a mixed performance, both the Nasdaq and S&P500 closed on another record high.

  • Traders remained cautious over the stalled negotiation between the US and Iran along with the elevated crude oil price.

  • Meanwhile, the US 10-year yield inched higher at 4.34% ahead of the Federal Reserve meeting on Wednesday.

  • Over in Hong Kong, the HSI declined marginally as sentiment remains affected by the high crude oil price coupled with the outstanding uncertainty between the US and Iran.

  • However, selective tech stocks saw surging buying interests following strong AI demand signals.

  • Back home, despite a strong opening, the FBM KLCI ended lower due to late selling activities. We reckon some investors may have decided to lock in profits particularly the banks.

  • Index linked laggards remained as the main focus and we expect this to persist.

  • As such, we anticipate the index to hover within the 1,715-1,730 range today.

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