Market Reports

Daily Market Report - 31 December 2025
Daily Market Report - 31 December 2025
  • Wall Street ended lower as the selling on tech related stocks continues.
  • Sentiment was also affected by the latest meeting minutes from the Feds that there was a tight split in December’s rate cut.
  • Meanwhile there was little change in the US 10-year yield that stayed at 4.126%.
  • Over in Hong Kong, the HSI closed higher as traders are gearing up for more clarity in 2026.
  • Meanwhile, the Chinese Yuan surged to a 30-month high at 6.99 against the USD.
  • Back home, the FBM KLCI continues to surprise as it ended on a multi-year high spurred by persistent stock accumulation by local institutions.
  • Despite the constant net foreign outflows, market undertone remains steadfast.
  • However, retail participation has been weak as depicted by the low daily volume, but we believe this may improve overtime once the market liquidity improves within the bigger caps space.
  • For today, we anticipate the index to trend within the 1,680 1,690 range.
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Daily Market Report - 30 December 2025
Daily Market Report - 30 December 2025
  • Wall Street ended on a weak note as selling prevailed amongst AI-related stocks.
  • Sentiment was cautious amid a muted session due to the lack of new economic indicators with some funds shifting to the bonds thus pushing the US 10-year yield slightly lower at 4.112%.
  • Over in Hong Kong, the HSI pared early gains as the index ended in negative territory after a report showed that Chinese industrial companies posted a bigger earnings decline.
  • Furthermore, traders remain side-lined in another shortened trading week.
  • On the home front, the FBM KLCI closed positively or a YTD high due to late buying activities.
  • Market undertone remains solid as the index is poised to close 2025 on a positive note following a dreadful 1H2025.
  • With the 1,700 now within a touching distance, we are hopeful that this enigmatic level to be broken anytime soon.
  • For today, we expect the index to hover within the 1,675-1,685 range.
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Daily Market Report - 29 December 2025
Daily Market Report - 29 December 2025
  • Wall Street ended flat as traders were mostly side-lined.
  • Notably, there were some buying activities on financials and industrials.
  • Meanwhile, the US 10-year yield was also flat at 4.13%.
  • Hong Kong market was closed and will resume trading today.
  • On the home front, the FBM KLCI ended marginally lower amid a lacklustre session as market participants were in a holiday mood.
  • As a result, daily market volume slumped to 1.6bn shares valued at RM1.3bn.
  • Nonetheless, we view this as an intermittent correction after the index has added almost 28 points over the last 5 trading days.
  • For today, we expect trading to remain muted but will be well supported thus expect the index to trend within the 1,670-1,685 range today.
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Daily Market Report - 26 December 2025
Daily Market Report - 26 December 2025
  • Wall Street staged a mini Santa Claus rally to close stronger with the DJIA setting another record high as traders preferred to ignore the recent better than expected 3Q GDP growth that could dampen rate cuts.
  • Meanwhile, the US 10-year yield eased marginally lower at 4.135%.
  • Over in Hong Kong, the HSI ended flat in a shortened trading session as traders remain side-lined ahead of the long break.
  • On the home front, the FBM KLCI struggled throughout the day to stay afloat but managed to close on a positive note.
  • We believe the buying has been done predominantly by the local institutions.
  • Although the environment is also conducive for foreign funds, many are still avoiding the local bourse for now.
  • For today, we expect the index to trend between the 1,670-1,680 range while the MYR is hovering around the 4.04 vs the USD at the moment.
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Daily Market Report - 24 December 2025
Daily Market Report - 24 December 2025
  • Wall Street ended firmer as AI-related stocks are back in the radar while traders are betting that the Federal Reserve will continue to lower interest rates in 2026.
  • This is despite the better than expected GDP growth for 3Q of 4.3% vs the consensus of 3.2%.
  • Meanwhile, the US 10-year yield remains flat at 4.167%.
  • Over in Hong Kong, the HSI reversed earlier gains to end marginally lower as traders locked in profits ahead of an extended break over the weekend.
  • The Hong Kong market will resume trading on Monday (29th Dec).
  • Back home, the FBM KLCI closed higher attributed to late stock accumulation presumably by local institutions.
  • We believe market undertone to remain sturdy ahead of the Christmas break as foreign funds may be looking at domestic stocks as an avenue for their portfolio rebalancing.
  • Meanwhile, the MYR has strengthened to 4.06 against the USD hence expect the index to hover within the 1,670-1,685 today.
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