Market Reports

Daily Market Report - 5 March 2026
Daily Market Report - 5 March 2026
  • Wall Street surprisingly closed higher as traders decided to focus on the improving economic data, namely better job creation in the private sector and better than expected growth in the manufacturing sector.
  • The US 10 year yield inched higher at 4.098%.
  • As for Hong Kong, the HSI continues to decline amid the ongoing war in the middle east underscored by growing concerns on higher crude oil price.
  • The index has lost almost 1,400 points over the last 3 trading days and is now at a 3-month low as sentiment has turned fragile.
  • Back home, the FBM KLCI dipped to below the 1,700 mark again, in line with the regional bloodbath with the KOSPI being the major loser, down by 12.1%.
  • Though we believe stock accumulation may occur at prevailing levels, we would advocate investors to start bargain hunting only when the index nears the 1,680 mark in view of prevailing uncertainties.
  • Thus, for today we expect the index to hover within the 1,685-1,700 range.
  • Meanwhile, crude oil price edged higher with the Brent now at almost the USD83/barrel.
Download
Daily Market Report - 4 March 2026
Daily Market Report - 4 March 2026
  • Wall Street ended lower but off the day’s low as uncertainty reign over the duration of the war between the US and Iran.
  • Many observers are worried that a protracted war would push crude oil prices higher, derailing the much anticipated rate cuts by the Federal Reserve.
  • Meanwhile, the US 10-year yield climbed higher at 4.065%.
  • Over in Hong Kong, the HSI extended its decline as the ongoing US-Iran war kept traders at bay with fears of surging crude oil prices, hence fanning inflationary concerns.
  • On the home front, the FBM KLCI made a swift rebound to stay above the 1,700 level amidst some bargain hunting activities.
  • Notwithstanding this, we believe sentiment remains fragile thus expecting the index to trend within the 1,700 1,715 range today.
  • Meanwhile, the Brent crude price has surged past the USD80 mark to close at around the USD81/barrel threshold.
Download
Daily Market Report - 3 March 2026
Daily Market Report - 3 March 2026
  • Wall Street ended mixed as the tension between the US and Iran continues, with no clear indication that it would cease anytime soon.
  • As a result, crude oil price jumped with the Brent holding above the USD78/barrel as Iran warned that the Strait of Hormuz would remain closed.
  • Meanwhile, the US 10-year yield edged higher to 4.038%.
  • As for Hong Kong equities, the HSI saw heavy sell-down as the index dipped to below the 26,000 level before it recovered to current level.
  • Nonetheless, sentiment remains fragile from the geopolitical risks in the middle east.
  • Back home, the FBM KLCI in line with regional volatility, also succumbed to the knee jerk reaction from the escalating tension between the US and Iran.
  • Therefore, the index dipped to around the 1,685 mark but subsequently recovered to 1,700 attributed to bargain hunting activities.
  • Despite market undertone being cautious, we would advocate investors to start nibbling if and when the index trends below the 1,700 level.
  • For today, we expect the index to hover within the 1,690-1,715 range.
Download
Daily Market Report - 2 March 2026
Daily Market Report - 2 March 2026
  • Wall Street closed broadly lower as sentiment was spooked by the higher than expected producer price index (PPI), heightening worries over inflationary pressures hence may derail expectations of more rate cuts by the Federal Reserve for now.
  • Meanwhile, the US 10-year yield has dipped to 3.949%.
  • Over in Hong Kong, the HSI rebounded attributed to bargain hunting activities after a rather volatile week.
  • Meanwhile, there is growing optimism over supportive policies by China’s National People’s Congress next week.
  • Back home, the FBM KLCI slipped further to below the 1,720 level as profit taking activities gathered pace.
  • However, we believe a rebound should be due anytime soon as we expect bargain hunting to emerge at current levels.
  • Therefore, we anticipate the index to trend between the 1,720-1,730 range today.
  • Meanwhile, the escalation in conflict between the US and Iran may create more geopolitical uncertainties as crude oil prices is seen to trend higher.
  • The Brent crude spiked to almost the USD80/barrel.
Download
Daily Market Report - 27 February 2026
Daily Market Report - 27 February 2026
  • Wall Street closed on a mixed note as the fragile sentiment on AI related stocks remains highly sensitive which saw the sell-down on both Nvidia and Salesforce despite registering better-than-expected results.
  • Meanwhile, the US 10-year yield fell to 4.01%.
  • As for Hong Kong equities, the HSI declined as traders decided to lock in profits whilst Nvidia’s latest earnings failed to rekindle any excitement to sustain the AI momentum.
  • Back home, the FBM KLCI continued to trend lower as profit taking activities continued especially on the Banks after a recent good run-up.
  • Meanwhile, we believe recent highlights by S&P Global Ratings on Indonesia’s fiscal position may have certain implications on regional bourses.
  • Despite this, we reckon further downside would present an excellent bargain hunting opportunity, particularly if the index closes in on the 1,730 level.
  • As for today, we expect the index to hover within the 1,735-1,745 range.
Download