Market Reports

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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Daily Market Report - 13 May 2026
Daily Market Report - 13 May 2026
  • Wall Street closed on a mixed note as traders reacted
    negatively to the hotter than expected consumer price
    index for April.
  • As a result, many are now looking at the
    Federal Reserve to hike interest rates rather than
    otherwise.
  • In view of the ongoing geopolitical tension,
    Brent crude stays elevated at USD108/barrel while the
    US 10-year yield inched higher at 4.463%.
  • Over in Hong
    Kong, the HSI dipped slightly as traders remained in
    cautious mode due to the unresolved tension in the
    middle east coupled with the fading AI-driven
    momentum.
  • Many are also waiting for the much
    anticipated meeting between Xi and Trump over the next
    few days.
  • Back home, the FBM KLCI regained its uptrend
    to close just above the 1,750 mark. We noticed market
    velocity is gathering traction as the daily volume traded
    had surpassed the 4bn level over the last 2 days.
  • As such,we expect the index to trend between the 1,745-1,755
    range today.
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Daily Market Report - 12 May 2026
Daily Market Report - 12 May 2026
  • Wall Street closed marginally higher as traders are waiting for the all-important April’s inflation data due later today.
  • Meanwhile, the ceasefire between the US and Iran remains weak thus pushed the US 10-year yield higher at 4.412%. It was a choppy session on the HKSE today.
  • The HSI opened broadly lower as the US rejected Iran’s peace plan but later gained traction to close on a flat note.
  • On the home front, the FBM KLCI failed to hold on to its positive performance as the index ended lower, attributed to profit taking activities presumable from the foreign funds.
  • Market undertone has turned cautious amid the high Brent crude price that is still stubbornly above the USD104/barrel.
  • We will advocate investors to start bargain hunting if the index dips further or at around the 1,720-30 levels.
  • For today, we expect the index to hover within the 1,740-1,750 range.
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Daily Market Report - 11 May 2026
Daily Market Report - 11 May 2026

  • Wall Street closed higher as both the Nasdaq and S&P500 hit record highs again. Overall sentiment was bolstered by the better than expected job data in addition to the strong earnings thus far. However, uncertainty remains over the middle east as both the US and Iran exchanged fire pushing the Brent crude higher at USD101/barrel

  • . Meanwhile, the US 10-year yield eased to 4.36%. Asian markets were broadly lower as sentiment was dampened by reports of fresh clashes between the US and Iran in the Strait of Hormuz, reversing overall risk appetite.

  • As a result, the HSI fell to below the 26,400 thresholds as major tech and financial stocks encountered selling pressure. On the home front, the FBM KLCI also closed lower following a solid run-up this week.

  • The FBM KLCI dipped to below the 1,750 level attributed to profit taking activities on the index linked laggards which saw strong buying interest of late. Despite this, we remain confident that the index will trend higher underscore by persistent foreign buying participation. For today, we expect the index to trend within the 1,745-1,760 range.

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