*AmEquities* – 10 Mar 2026
Retail Research
*AmBreakfast Note*
*FBM KLCI* declined 2.55% to close at 1,674.17. We maintained the support level at *1,690* and the resistance level at *1,800*. Trading volume increased to 5.52bil (3.72bil previously), while trading value was RM5.87bil (RM4.05bil previously). Market breadth remained negative (284 gainers vs 1140 losers). Sectors across the board closed mainly negative with Plantation (+2.3%), Energy (+1.4%) while Construction (-3.9%), Technology (-3.8%),Healthcare (-3.8%), and Utilities (-3.7%).
*Asian equities* closed lower, as regional equities sold off after oil prices surged above $100 a barrel when major Middle East producers cut output following the closure of the Strait of Hormuz, although losses moderated later after a reported Saudi crude release eased prices.*European equities* closed lower, as traders tracked Middle East turmoil and a surge in oil prices after the closure of the Strait of Hormuz and output cuts by Kuwait, Iran and the UAE pressured risk sentiment across the region.
*U. S. markets* finished higher, as President Donald Trump said the war against Iran could be nearing an end and oil prices reversed sharply lower from extreme overnight levels, helping the major averages recover from steep early losses.
*Today’s Report(s) / Note(s)*
*STRATEGY* Defence wins championships
*Stock on Radar*: DIALOG GROUP
*Malaysia*
KLCI: 1,674.2 (-43.89, -2.6%)
FBM Small Cap: 15,074.9 (-2.0%)
*Global Markets*
Dow: 47,740.8 (+239.3, +0.5%)
S&P 500: 6,796.0 (+0.8%)
NASDAQ: 22,696.0 (+1.4%)
Europe STOXX 600: 594.9 (-0.6%)
Hang Seng: 25,408.5 (-1.4%)
Nikkei 225: 52,728.7 (-5.2%)
Straits Times: 4,756.6 (-1.9%)
Brent Crude Oil: 90.9 (-2.6%)
FCPO: 4,567.0 (+4.6%)
USD/MYR: 3.9605 (+0.5%)
_Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice._
