Market Reports

Daily Market Report - 29 April 2026
Daily Market Report - 29 April 2026
  • Wall Street retreated amid profit-taking following recent record highs in the S&P 500 and Nasdaq. Investor sentiment was further weighed by concerns surrounding OpenAI and rising oil prices.
  • The Dow eased 0.05% to 49,141.93, the S&P 500 lost 0.49% to 7,138.80, while the Nasdaq declined 0.90% to 24,663.80.
  • Key regional markets finished lower amid elevated oil prices and lingering geopolitical uncertainties, while the Bank of Japan kept rates unchanged as widely expected.
  • The HSI slipped 0.20% to 25,925.65, weighed by selling in tech and auto stocks.
  • Back home, the FBM KLCI closed higher on late buying in selected heavyweights, suggesting early signs of accumulation on dips. While the index shows resilience, overall participation remained measured as investors stayed cautious.
  • We expect the benchmark to trade within the 1,725–1,740 range today.
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Daily Market Report
Daily Market Report

  • Despite a mixed performance, both the Nasdaq and S&P500 closed on another record high.

  • Traders remained cautious over the stalled negotiation between the US and Iran along with the elevated crude oil price.

  • Meanwhile, the US 10-year yield inched higher at 4.34% ahead of the Federal Reserve meeting on Wednesday.

  • Over in Hong Kong, the HSI declined marginally as sentiment remains affected by the high crude oil price coupled with the outstanding uncertainty between the US and Iran.

  • However, selective tech stocks saw surging buying interests following strong AI demand signals.

  • Back home, despite a strong opening, the FBM KLCI ended lower due to late selling activities. We reckon some investors may have decided to lock in profits particularly the banks.

  • Index linked laggards remained as the main focus and we expect this to persist.

  • As such, we anticipate the index to hover within the 1,715-1,730 range today.

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Daily Market Report - 27 April 2026
Daily Market Report - 27 April 2026
  • Despite closing on a mixed note, both the NASDAQ and S&P500 ended at record highs spearheaded by mega tech giants namely Intel and NVIDIA.
  • Sentiment was further boosted from possible continuation of peace
    talks between the US and Iran in Pakistan.
  • Meanwhile, the US 10-year yield dipped slightly to 4.306%.
  • Over in Hong Kong, the HSI ended mildly higher to just below the 26,000 level, led by tech stocks amid renewed confidence in China’s AI progress.
  • On the home front, the FBM KLCI was flat as trading remained muted with
    both buyers and sellers equally matched.
  • Press Metal hit record high due to surging aluminium prices. Crude oil price is still stubbornly high with Brent crude hovering at USD105/barrel. Nonetheless, we expect stock accumulation to continue for the local bourse
    hence anticipate the index to trend between the 1,715-1,730 range today.
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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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