Market Reports

Daily Market Report - 12 March 2026
Daily Market Report - 12 March 2026
  • It was another mixed day on Wall Street as the US-Iran war continues to be the main focus with crude oil prices ended higher despite the International Energy Agency said it will release 400m barrels of oil from its reserves.
  • Meanwhile, February consumer price index came in within expectations at 2.4% amid a weakening labour market as the US 10-year yield inched higher at 4.228%.
  • Over in Hong Kong, the HSI dipped slightly following China’s move to curb the OpenClaw frenzy and warned of security and data risks tied to this AI tool.
  • On the home front, the FBM KLCI continues to chart upwards as foreign buying took centre stage on blue chips.
  • This is despite the volatility of crude oil price where the Brent crude trended between USD87/barrel to USD92/barrel.
  • For today, we expect the index to trend between the 1,700-1,715 range.
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Daily Market Report - 11 March 2026
Daily Market Report - 11 March 2026
  • Wall Street closed mixed as all 3 major indices ended sharply below their day high following a wild session.
  • Traders remain focused on the heightening tension in the middle east and the pull back in crude oil prices.
  • Brent crude continues to decline, currently trending below USD88/barrel.
  • Meanwhile, the US 10-year yield edged higher at 4.156%.
  • Statement from Trump that the war with Iran would end soon sparked a decline in crude oil price.
  • As a result, the Brent crude dipped to below the USD90/barrel thus boosted a rally amongst Asian markets.
  • The HSI added 550 points to almost the 26,000 level whilst the FBM KLCI surged past the 1,700 mark as buyers returned with vengeance.
  • Notwithstanding the prevailing uncertainty, we believe the declining crude oil price may be the catalyst for regional markets to trend higher hence expect the FBM KLCI to hover within the 1,700-1,715 range today.
  • Meanwhile, the crude palm oil climbed to around the RM4,600/tonne thresholds and should see some buying interests on plantation stocks today.
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Daily Market Report - 10 March 2026
Daily Market Report - 10 March 2026
  • Wall Street underwent a wild session as all 3 major indices ended positively following a sharp decline after the opening bell.
  • Sentiment turned positive following Trump’s statement that that the war with Iran will end soon with the Brent crude ending at USD99/barrel.
  • Meanwhile, the US 10-year yield dipped lower at 4.109%.
  • Over in Asia, it was a regional bloodbath as the investment climate was shattered by the surge in crude oil price.
  • In fact, the Brent crude was up from USD92/barrel over the weekend to above USD110/barrel.
  • As a result, the HSI dropped by almost 350 points while the FBM KLCI was not spared either, declining by 44 points.
  • As confidence has been snapped decisively, we reckon bargain hunting within the local bourse may be side-lined for now possibly if and when the index closes in on the 1,650 level.
  • Nonetheless, we believe the Plantation sector may be one of the beneficiaries from the high crude oil price as the CPO price has climbed to RM4,160/tonne mark.
  • For today, we expect the index to hover between the 1,665-1,680 range.
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Daily Market Report - 9 March 2026
Daily Market Report - 9 March 2026
  • Wall Street ended the week on a weak note as sentiment was adversely affected by the spike in crude oil prices with Brent crude hovering above USD92/barrel and the dismal job data for February.
  • Faced with possibility of stagflation, the US economy is certainly further undermined by the high crude oil prices.
  • In addition, unemployment increased to 4.4% from 4.3% previously as February saw a drop in new jobs.
  • Meanwhile, the US 10-year yield was flat at 4.138%.
  • Over in Hong Kong, the HSI rebounded despite confidence remains fragile due to the high crude oil price with the index is still down by almost 550 points on a weekly basis.
  • Back home, the FBM KLCI closed higher predominantly due to the surge in Petronas Chemical share price (+22%) as the company is deemed to be in a advantageous position in terms of feedstock costs, where most are sourced in Malaysia rather than from the middle east.
  • For today, we expect the index to trend between the 1,710-1,725 range, as market undertone is seen cautious.
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Daily Market Report - 6 February 2026
Daily Market Report - 6 February 2026
  • Wall Street closed broadly lower as traders were rattled by the surging crude oil prices as the Brent crude topped at almost the USD85/barrel level.
  • In addition to this, Trump’s 15% global tariff that is likely to take effect this week further added to the uncertainty.
  • Meanwhile, the US 10-year yield edged higher to 4.138%.
  • Over in Hong Kong, the HSI rebounded but off the day’s high following some profit taking activities late in the session.
  • However, overall sentiment remains cautious amid the elevated crude oil price hence the potential inflationary pressure.
  • Back home, the FBM KLCI staged an even more convincing rebound with the index closing above the 1,710 mark again.
  • The buying was broad-based, illustrating the local bourse is well supported at current levels.
  • Nonetheless, amid the heightened market volatility, we believe trading today may be muted hence expect the index to trend between the 1,700-1,720 range today.
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