Apex officially launches Discretionary Trading (“DT”)! Click here for more info!
Market Highlights
Economic Update
Thu, 30 Apr 2026 07:21 am
US FOMC Meeting - Fed wary of inflation risks

The Fed kept the policy rate at 3.50–3.75%, with one dissenter favouring a 25-bp cut. Notably, three members opposed retaining the easing bias in the statement.  

Focus now turns to the upcoming Fed chair transition and Kevin Warsh’s policy framework.

With the Fed’s focus likely shifting towards containing inflation, we now expect the Fed to remain on hold through 2026 (one 25-bp cut previously).

Expectations of a more neutral Fed, together with safe-haven demand, should keep the US dollar supported. We expect USD/MYR to trade within 3.95-4.05 in the near term.

We keep our view that BNM will keep the OPR at 2.75% through 2026 to preserve growth.

Economic Update
Tue, 21 Apr 2026 07:53 am
Malaysia External Trade - Resilience amid external headwinds

Exports held firm at +8.3% YoY in March (Feb: +10.7%), while imports accelerated to +10.4% (Feb: +8.2%). The trade surplus widened to RM24.6bn (Feb: RM16.7bn).

The quarterly trade surplus of RM63.2bn (4Q25: RM48.6bn) points to a stronger external sector contribution to 1Q26 GDP.

Manufacturing exports sustained growth (+9.6% YoY; Feb: +12.7%), with E&E maintaining double-digit expansion, while commodity exports remained weak.

While risks of supply chain disruption from the Middle East conflict persist, current import trends suggest no material impact at this juncture.

Exports should remain supported by sustained E&E demand and higher commodity prices. However, external headwinds from the Middle East conflict and tariff uncertainty remain.

We maintain our 2026 export growth forecast at +4.8% YoY (2025: +6.4%).

Economic Update
Mon, 20 Apr 2026 07:15 am
Malaysia Inflation Rate - Inflation risks building up    

•    Malaysia’s headline inflation rose to +1.7% YoY in March (Feb: +1.4%), in line with consensus, driven mainly by higher transport costs amid rising crude oil prices.
•    Core inflation came in at +2.1% YoY (Feb: +2.3%), in line with its 2021–2025 average, pointing to steady underlying demand conditions.
•    We revise our Brent assumption to USD85/bbl for 2026 (previously USD65/bbl) and estimate a modest 0.2ppt increase in inflation from higher fuel prices.
•    We revise our 2026 inflation forecast to +2.1% YoY (previously +1.8%), with upside risks from a potential RON95 price adjustment and broader cost passthrough.
•    Barring a sharper-than-expected rise in inflation, we maintain our view that BNM will keep the OPR unchanged at 2.75% throughout 2026 to preserve growth.

Technical Calls
Stock Research
Derivatives Market Performance
Sector Reports
Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.939538 3.966364
EUR 4.621065 4.624861
CNY 0.577624 0.578108
HKD 0.502626 0.506063
SGD 3.082334 3.103499
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