Daily Market Report - 27 April 2026
- Despite closing on a mixed note, both the NASDAQ and S&P500 ended at record highs spearheaded by mega tech giants namely Intel and NVIDIA.
- Sentiment was further boosted from possible continuation of peace
talks between the US and Iran in Pakistan. - Meanwhile, the US 10-year yield dipped slightly to 4.306%.
- Over in Hong Kong, the HSI ended mildly higher to just below the 26,000 level, led by tech stocks amid renewed confidence in China’s AI progress.
- On the home front, the FBM KLCI was flat as trading remained muted with
both buyers and sellers equally matched. - Press Metal hit record high due to surging aluminium prices. Crude oil price is still stubbornly high with Brent crude hovering at USD105/barrel. Nonetheless, we expect stock accumulation to continue for the local bourse
hence anticipate the index to trend between the 1,715-1,730 range today.
