Daily Market Report - 29 April 2026
- Wall Street retreated amid profit-taking following recent record highs in the S&P 500 and Nasdaq. Investor sentiment was further weighed by concerns surrounding OpenAI and rising oil prices.
- The Dow eased 0.05% to 49,141.93, the S&P 500 lost 0.49% to 7,138.80, while the Nasdaq declined 0.90% to 24,663.80.
- Key regional markets finished lower amid elevated oil prices and lingering geopolitical uncertainties, while the Bank of Japan kept rates unchanged as widely expected.
- The HSI slipped 0.20% to 25,925.65, weighed by selling in tech and auto stocks.
- Back home, the FBM KLCI closed higher on late buying in selected heavyweights, suggesting early signs of accumulation on dips. While the index shows resilience, overall participation remained measured as investors stayed cautious.
- We expect the benchmark to trade within the 1,725–1,740 range today.
