Apex officially launches Discretionary Trading (“DT”)! Click here for more info!
Market Highlights
Market Outlook
Mon, 03 Aug 2026 07:19 am
Market Strategy: Negeri Sembilan State Election: GE16 Momentum Accelerates

• BN’s stronger showing in Negeri Sembilan, following its decisive victory in Johor, reinforces our conviction that GE16 is likely to be held in 2H26 as UMNO’s confidence continues to strengthen.
• Turn more cautious on Malaysian equities as rising political uncertainty, regional market volatility and persistent foreign fund outflows are expected to keep sentiment fragile in the near term.
• Revise our FBM KLCI year-end target to 1,770 (from 1,787) after adopting a more conservative technical outlook, while continuing to view election-related weakness as temporary.
• Recommend a Barbell Strategy, favouring a combination of defensive, earnings-resilient companies and structural growth names.

Market Outlook
Fri, 31 Jul 2026 07:09 am
Economics & Market Outlook - If the Strait of Malacca Shuts Down

• The US-Iran conflict demonstrates that disruptions to one maritime chokepoint can quickly affect the global economy.
• A disruption to the Strait of Malacca would pose a far greater risk to Malaysia given its dependence on maritime trade.
• Our scenario analysis suggests GDP could slow to 2.5%–3.1%, while inflation could exceed 3.0% under a severe disruption.
• We view this as a tail-risk scenario rather than our base case, but one investors should not ignore.
• Our base-case outlook remains unchanged, with a FBM KLCI year-end target of 1,787 and our top picks of Mi Technovation (BUY, TP: RM6.38), EG Industries (BUY, TP: RM2.80), MSC (BUY, TP: RM3.06), MITRA (BUY, TP: RM1.27) and ISF (BUY, TP: RM0.62). 

Economic Update
Thu, 30 Jul 2026 06:42 am
US FOMC Meeting - Hawkish hold as price stability takes precedence  

• The Fed held the policy rate at 3.50–3.75%, with three dissenters favouring a 25-bp hike.
• Chair Warsh reiterated the Fed’s commitment to restoring price stability to its 2.0% inflation target, with policy decisions guided by broader inflation trends.
• We continue to expect one 25-bp rate hike in September 2026, as restoring price stability takes precedence over supporting economic growth.
• We maintain our view that BNM will keep the OPR unchanged at 2.75% through 2026 amid a benign inflation outlook.

Technical Calls
Stock Research
Derivatives Market Performance
Sector Reports
Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.075074 4.107717
EUR 4.687639 4.692403
CNY 0.605303 0.605923
HKD 0.519707 0.523362
SGD 3.161063 3.183454
Latest Quarter Report
Stock FYE Quarter
31 May 2025 3 Qtr, Feb 2025
31 Dec 2024 4 Qtr, Dec 2024
31 Dec 2024 4 Qtr, Dec 2024
28 Feb 2025 4 Qtr, Feb 2025
31 Jan 2025 4 Qtr, Jan 2025
31 Oct 2025 1 Qtr, Jan 2025
31 Jul 2025 2 Qtr, Jan 2025
30 Apr 2025 3 Qtr, Jan 2025
31 Jul 2025 Other, Jan 2025
31 Jan 2025 4 Qtr, Jan 2025