Daily Market Report - 24 March 2026
- Wall Street ended broadly higher following Trump’s statement that negotiations are ongoing with Iran to halt strikes on Iranian power plants and infrastructure.
- In line with this, crude oil price also dropped with the Brent crude dipped to below the USD100/barrel.
- Meanwhile, the US 10-year yield eased slightly to 4.35%.
- Over in Hong Kong, the HSI declined sharply to below the 24,500 mark.
- Confidence was adversely affected by the high crude oil price as well as expectations of tightening monetary policy.
- Back home, the FBM KLCI closed just above the 1,720 level last Friday ahead of the long weekend.
- We believe the local bourse is still well supported, hence expect the index to hover within the 1,715-1,730 range today.
