Market Reports

Daily Market Report - 10 April 2026
Daily Market Report - 10 April 2026
  • Wall Street extended its relief rally as traders are hoping that the supposed 2-week ceasefire can be sustained amid some negotiations are still ongoing.
  • Meanwhile, US core inflation came in within consensus at 3% but the GDP for 4Q has been adjusted lower at 0.5% from 0.7% previously thus pushing 2025 growth lower to 2.1%.
  • Asian markets retreated as expectations of an early treaty in the middle east began to fade.
  • The Straits of Hormuz remains closed depicting the fragility of the purported ceasefire, further heightening the volatility of crude oil prices.
  • As a result, the Brent crude trended to almost the USD100/barrel again.
  • In line with this, the HSI declined as traders decided to lock in profits from the rally the day before.
  • Back home, the FBM KLCI dipped to around the 1,685 mark as sentiment have turned cautious thus prefer to stay side-lined.
  • For today, we expect trading to be muted with the index to hover within the 1,680-1,695 range.
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Daily Market Report - 9 April 2026
Daily Market Report - 9 April 2026
  • Wall Street rebounded sharply following Trump’s agreement to suspend the attack on Iran.
  • Nonetheless, the situation remains highly fluid as a latest statement from Iran is accusing the US has violated the ceasefire agreement.
  • Asian markets staged a relief rally with bated-breath after both the US and Iran have agreed for a 2-week ceasefire.
  • As a result, crude oil prices spiraled down with Brent crude dipping to below the USD95/barrel.
  • Thus, the HSI ended with a healthy gain to almost the 25,900 mark.
  • Back home, the FBM KLCI accordingly charted a strong performance to end at almost the 1,700 level.
  • The MYR also saw a solid jump from 4.03 to 3.97 currently vs the USD.
  • All in all, it has been a great interlude for most investors though we prefer to stay vigilant and expect another positive albeit cautious day with the index trending between the 1,690-1710 range today.
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Daily Market Report - 8 April 2026
Daily Market Report - 8 April 2026
  • Wall Street ended on a mixed note as all 3 major indices came in off the day’s low as sentiment improved on hopes of a last-minute deal between the US and Iran.
  • In fact, the DJIA futures jumped 760 points as time of writing after Trump said he will suspend the attack on Iran for 2 weeks.
  • As a result, crude oil prices eased marginally with the Brent crude trending below the USD110/barrel albeit temporarily.
  • Meanwhile, the US 10 year yield declined to 4.301%.
  • The HKSE will resume trading today.
  • Back home, the FBM KLCI continued to slide as market undertone stays nervy amid the lack of clarity over in the middle east.
  • As a result, trading on the local bourse remains muted with the daily volume traded now at the 2.5bn shares region.
  • With many investors still side-lined, it will be interesting to see how regional funds will react to Trump’s latest rhetoric today.
  • For us we prefer to stay vigilant and expect the index to trend between the 1,675-1,700 range today.
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Daily Market Report - 7 April 2026
Daily Market Report - 7 April 2026
  • Wall Street ended on a positive note as traders are betting that the US-Iran war will come to an end soon 1 despite the lack of clarity and Trump’s latest threat to destroy Iran infrastructure.
  • Nonetheless, the Brent crude remains elevated at USD110/barrel while the US 10-year yield inched higher at 4.337%.
  • The Hong Kong market is still closed for holiday.
  • On the home front, the FBM KLCI retreated to almost the 1,680-level attributed to late selling by foreign funds amid the lack of clarity in the middle east coupled with the lackluster regional performance.
  • Nonetheless, we remain adamant that local stocks are ripe for some accumulation at current range hence are advocating investors to initiate some bargain hunting activities.
  • For today, we expect the index to hover within the 1,680-1690 range.
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Daily Market Report - 6 April 2026
Daily Market Report - 6 April 2026
  • Wall Street was closed last Friday but a peek at the future indicates that all 3 major indices are trending in negative territory.
  • Over in Asia, it was a mixed day for Asian markets as sentiments remains very entrenched on the prevailing tension in the middle east exacerbated by the latest shooting down of US planes that many are wary for Trump’s more aggressive next move.
  • The Hong Kong Stock Exchange was closed for Good Friday and will resume trading on April 8th.
  • On the home front, the FBM KLCI ended slightly lower after hovering in positive region for most of the session mainly due to late selling by foreign funds.
  • We believe sentiment to stay cautious thus expect another muted session as Brent crude price is still trending between the USD100-USD110/barrel range.
  • For today, we anticipate the index to hover within the 1,690-1700 range.
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