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.
