Daily Market Report - 4 May 2026
- Wall Street ended on a mixed note as the S&P 500 touched another record high, spearheaded by Apple following a solid 2Q earnings report.
- This is despite crude oil price remains elevated amid the uncertainty overhanging the negotiations between the US and Iran.
- The US 10-year yield saw little changes at 4.372%.
- Both the Hong Kong and Malaysian markets were closed for Labour Day last Friday.
- For Hong Kong, the HSI declined to below the 25,800 level on concerns over the US inflationary outlook that could delay any monetary easing moves.
- On the domestic front, the FBM KLCI closed marginally higher on late bargain hunting activities as focus remains centred on index laggards.
- We believe foreign funds to maintain its net inflows underscored by the IMF’s recent positive outlook on the country’s economy.
- As such, we anticipate the index to hover within the 1,720-1,735 range today.
