Market Reports

Daily Market Report - 24 April 2026
Daily Market Report - 24 April 2026
  • Wall Street closed weaker as crude oil price jumped with Brent crude hitting USD105/barrel amid a naval stalemate between the US and Iran in the Strait of Hormuz.
  • Sentiment was further shaken by disappointments from software companies following their respective earnings reporting.
  • Meanwhile, the US 10-year yield trended higher at 4.323%.
  • Over in Hong Kong, the HSI dropped to below the 26,000 level as sentiment remained spooked by the ceasefire uncertainty between the US and Iran.
  • It was also reported that fund flows into the Hong Kong market have slowed as investors are shifting their interest into China particularly within the tech sector.
  • On the flipside, the FBM KLCI maintained its solid performance as funds continue to flow in, snapping up the big cap laggards.
  • However, we noticed market undertone is still on cautious mode hence expect the index to hover between the 1,710-1,730 range today.
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Daily Market Report - 23 April 2026
Daily Market Report - 23 April 2026
  • Wall Street ended broadly firmer as Trump extended the middle east ceasefire by 2 weeks in addition to strong earnings report from Boeing.
  • Nonetheless, sentiment remains cautious as crude oil price ascended with Brent crude hitting above the USD100/barrel.
  • Meanwhile, the US 10-year yield edged higher to 4.307%.
  • Asian markets were mixed yesterday as traders were trying to navigate through prevailing uncertainties despite the ceasefire extension.
  • As a result, the HSI declined to below the 26,200 level amid the lingering risks posed by the middle east tension.
  • Back home, the FBM KLCI ended weaker despite a strong opening attributed to the emergence of profit-taking activities.
  • For today, we anticipate the index to trend within the 1,700-1,720 range.
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Daily Market Report - 22 April 2026
Daily Market Report - 22 April 2026
  • Wall Street closed broadly lower as concerns grew on the looming ceasefire expiry later today.
  • Nonetheless, in a latest development, Trump is extending the ceasefire indefinitely.
  • In line with the uncertainty, crude oil price jumped again with the Brent approaching the USD99/barrel level.
  • As for Hong Kong equities, the HSI maintained its uptrend to end near the 26,500 mark.
  • Overall sentiment improved following reports of possible negotiations between the US and Iran thus easing fears of escalating tension in the middle east.
  • In line with this, the FBM KLCI continues with its uptrend to close beyond the 1,715 level.
  • Meanwhile, we also noticed that interest in the smaller and mid cap stocks may be resurfacing, which is solid news.
  • Nonetheless, we still need to see improvements in the daily trading volume before we are convinced.
  • For today, we expect the index to hover within the 1,710-1,730 range.
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Daily Market Report - 21 April 2026
Daily Market Report - 21 April 2026
  • Wall Street retreated over the escalation of tension between the US and Iran.
  • As such, crude oil price surged with the Brent crude hitting the USD96/barrel again.
  • Meanwhile, the US 10-year yield was stagnant at 4.258%.
  • Over in Hong Kong, the HSI close higher, maintaining above the 26,000 thresholds.
  • Sentiment 1 was buoyed by China’s central bank keeping interest rate unchanged in addition to more market supportive measures.
  • Despite the prevailing uncertainty in the middle east, the FBM KLCI climbed to above the 1,700 level underpinned by continuous accumulation of big caps.
  • We noticed there were also buying interests on the mid-cap stocks with an eye on the KLCI expansionary list as funds began to roll into the local bourse.
  • For today, we anticipate the index to trend within the 1,695-1,710 range.
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Daily Market Report - 20 April 2026
Daily Market Report - 20 April 2026
  • Wall Street ended sharply higher as Iran declared the Strait of Hormuz completely open in addition to a 10 day ceasefire announcement between Israel and Lebanon.
  • As a result, crude oil price declined with the Brent crude dipping to around the USD90/barrel.
  • Meanwhile, the US 10-year yield inched lower at 4.248% following the de-escalating tension in the middle east.
  • As for Hong Kong equities, the HSI declined to almost the 26,000 level as traders remained uneasy over the ceasefire negotiations in the middle east.
  • Back home, the FBM KLCI close on a positive note due to late buying activities.
  • Overall interest was broad based but noticed Gamuda and PPB back on radar.
  • For today, we expect the index to hover within the 1,690-1,700 range.
  • In a latest development, Iran said that the Strait of Hormuz is closed again after some vessels came under gunfire.
  • Whilst the whole situation is still very fluid, we advise investors to exercise caution and prefer to look at laggards.
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