Daily Market Report - 26 May 2026
- Both the US and Hong Kong markets were closed for public holiday yesterday.
- Nonetheless, US stock futuresjumped broadly higher following Trump’s statement that the US-Iran deal is within reach. As a result, crude oil
prices declined with the Brent crude now trending at around USD96/barrel. - As for the local bourse, the FBM KLCI weakened to below the 1,710 level as market undertone remains cautious despite the weakening
crude oil prices. Traders were mostly side-lined as illustrated by the muted trading volume at just above the 3bn share threshold. - Thus, for today we expect the index to hover within the 1,700-1,715 range.
