Daily Market Report - 30 April 2026
- Wall Street closed mostly lower as Brent crude oil prices rose to USD118 per barrel after President Donald Trump signaled preparations for a prolonged blockade of Iran, raising concerns over global energy supply disruptions.
- The DJIA and S&P 500 fell 0.57% and 0.04%, respectively, while the tech-heavy Nasdaq edged up 0.04%, supported by selective buying in technology stocks.
- In Hong Kong, the HSI rebounded strongly, gaining 1.68% to 26,111.84, led by broad-based strength in financials, technology and auto counters, reflecting improved regional sentiment.
- Back home, the FBM KLCI ended lower amid profit-taking activities following recent gains. Nonetheless, the pullback may present opportunities for investors to accumulate fundamentally sound blue chips at more appealing valuations.
- Looking ahead, sentiment is likely to remain cautious amid elevated oil prices and ongoing geopolitical tensions.
- While downside may be cushioned by selective buying, upside could remain gradual in the absence of clearer positive catalysts.
- As such, we expect the benchmark index to trade within the 1,710–1,730 range today.
