Daily Market Report - 28 May 2026
- Wall Street ended higher with the DJIA notching anotherrecord high amid the weakening crude oil prices as optimism of a middle east truce rose.
- Brent crude is currently trending below USD95/barrel while the US 10-
year yield also ticked lower at 4.483%. - Over in Hong Kong, the HSI declined to a 2-month low as sentiment
remained cautious over the uncertainty in the middle east. - Selling was broad-based particularly within the realestate, energy and tech sectors.
- On the home front, the FBM KLCI ended below the 1,700 mark on Tuesday due to strong late selling noticeably from the foreign funds. Over the last 2 trading days, net foreign outflows totalledRM190m and we believe this may continue.
- Notwithstanding this, with the index now at below 1,700,we would encourage clients to start bargain hunting. Fortoday, we anticipate the index to trend between the1,695-1,710 range.
