Daily Market Report - 21 April 2026
- Wall Street retreated over the escalation of tension between the US and Iran.
- As such, crude oil price surged with the Brent crude hitting the USD96/barrel again.
- Meanwhile, the US 10-year yield was stagnant at 4.258%.
- Over in Hong Kong, the HSI close higher, maintaining above the 26,000 thresholds.
- Sentiment 1 was buoyed by China’s central bank keeping interest rate unchanged in addition to more market supportive measures.
- Despite the prevailing uncertainty in the middle east, the FBM KLCI climbed to above the 1,700 level underpinned by continuous accumulation of big caps.
- We noticed there were also buying interests on the mid-cap stocks with an eye on the KLCI expansionary list as funds began to roll into the local bourse.
- For today, we anticipate the index to trend within the 1,695-1,710 range.
