Daily Market Report - 27 August 2026
- Wall Street ended on a flat note as traders await for Nvidia’s results, which came in better than expected after hours.
- Meanwhile, the latest PCE price index came in slightly higher than anticipated but made little impact bond yields as the US 10-year yield steadied at around the 4.649%.
- Over in Hong Kong, the HSI rebounded after a sell-off the previous days. Overall buying was due to the rotation of funds out of China and into Hong Kong stocks.
- On the home front, the FBMKLCI closed on a surprisingly strong note to within the 1,750 mark.
- Buying was broad based underpinned by improved daily volume of more than 4bn shares.
- More earnings are expected from the banks over these few days and we believe the banks to perform steadily thus expect the index to trend
within the 1,745-1,755 range today.
