Daily Market Report - 18 August 2026
- Wall Street declined as the ceasefire negotiation between the US and Iran expires with no deal.
Meanwhile, Trump also threatened to bomb Oman if it gets in the way. As a result, both crude oil price and the US 10-year yield spike with the Brent going past USD90/barrel while the 10-year yield climbed to 4.726%. - Over in Hong Kong, the HSI rebounded after a 4-day decline as bargain hunting activities gathered pace. Interests were mainly focused on tech stocks which had been sold down recently.
- On the home front, the FBMKLCI ended marginally lower possibly due to some
last minute selling from foreign funds. - Notwithstanding this, we noticed there was accumulation of stocks,
especially on the laggards. Overall sentiment remains cautious as we enter into a crucial stage of this quarter earnings reporting season. - Meanwhile, we are heartened that the Plantation sector had seen some upgrades,endorsing our positive stance since 2 quarters ago.
- For today, we expect the index to hover within the 1,720 –1,735 range.
