Daily Market Report - 17 March 2026
- Wall Street rebounded as most equities closed broadly higher.
- Though sentiment was buoyed by cooling crude oil price where the Brent crude eased to just above the USD100/barrel, overall trading has been lacklustre.
- Meanwhile, the US 10-year yield eased to 4.222%.
- Over in Hong Kong, the HSI rebounded with the view to test the 26,000 level again.
- Buying was spearheaded by tech stocks which are deemed undervalued as traders decided to look beyond the protracted war in the Middle east.
- On the home front, the FBM KLCI ended lower but off the day’s low due to late selling activities.
- We believe some foreign funds may be looking to lock in profits amid the prevailing uncertainty.
- Thus for today, we expect the index to hover within the 1,695-1,705.
- Meanwhile, crude oil has ease with the Brent crude now trending at USD101/barrel.
