Market Reports

Daily Market Report - 25 September 2025
Daily Market Report - 25 September 2025
  • Wall Street lost ground as profit-taking emerged at record-high levels, spurred by Fed Chair Jerome Powell’s warning on stretched valuations and caution ahead of fresh inflation data.
  • The Dow slipped 0.37% to 46,121.28, while the S&P 500 fell 0.28% and the Nasdaq retreated 0.33%.
  • Hong Kong equities rose despite the typhoon disruption as investor sentiment is buoyed by expectations for economic stimulus from China.
  • As a result, the HSI slipped 1.37% to 26,518.65.
  • Back home, the FBM KLCI closed lower due to profit taking activities.
  • Despite closing in the red, the pickup in trading volume signals that interest in the market is returning.
  • This healthier level of activity reflects investors’ willingness to participate, which could provide a foundation for the index to stabilise and potentially recover when fresh catalysts emerge.
  • As such we foresee the benchmark index to trend within the range of 1,595-1,610 for today.
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Daily Market Report - 24 September 2025
Daily Market Report - 24 September 2025
  • Wall Street closed negatively as traders became wary of the sustainability of the AI bull trend.
  • Additionally, in a recent interview, Fed chair Powell hinted that US equities may be overvalued.
  • Meanwhile, the US 10-year yield eased to 4.106%.
  • As for Hong Kong equities, the HSI continues with its decline to end at just above the 26,000 level.
  • Overall sentiment was affected by remarks from PBOC that there is no rush for more easing measures unless there are dire needs to do so.
  • Back home, the FBM KLCI ended on a flat note after an encouraging opening as trading activities on the local bourse turned lacklustre possibly due to the lack of fresh catalysts.
  • In view of this, we anticipate the index to trend between the 1,600-1,610 range today.
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Daily Market Report - 23 September 2025
Daily Market Report - 23 September 2025
  • Wall Street closed firmer with the S&P 500 notching another record high led by Nvidia’s reported partnership with OpenAI amid concerns of a potential government shutdown over Democrats’ healthcare demands.
  • Meanwhile, the US 10-year yield inched higher at 4.147%.
  • Over in Hong Kong, the HSI retreated as profit taking activities persisted.
  • In addition, sentiment has turned cautious as the highly anticipated phone call between Trump and Xi provided little incentive or clarity for traders to indulge.
  • On the local front, the FBM KLCI climbed to above the 1,600 mark underpinned by sustained accumulation of blue chips by foreign funds.
  • In the absence of strong catalysts, we expect the index to trend between the 1,600-1,610 range today.
  • Meanwhile, gold price has hit another record high above the USD3,700/oz.
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Daily Market Report - 22 September 2025
Daily Market Report - 22 September 2025
  • Wall Street ended at record high as sentiment was buoyed by the purported phone call between Trump and Xi plus the Federal Reserve’s easing policy last week.
  • Despite the rate cut, the US 10-year yield edged higher at 4.133%.
  • Over in Hong Kong, the HSI closed flat amid a choppy session as traders are waiting for the outcome from the call between Trump and Xi.
  • Back home, the FBM KLCI closed flat following some muted bargain hunting activities.
  • The benchmark index tried to break the 1,600 mark on several occasions but failed as this level remains as a formidable resistance.
  • Nonetheless, we believe the index still has the legs to climb higher thus expect it to hover between the 1,600-1,610 range today.
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Daily Market Report - 19 September 2025
Daily Market Report - 19 September 2025
  • Wall Street closed broadly higher with the S&P 500 notching to a record high after the Fed’s easing policy to revive economic growth rather than fighting inflation.
  • Meanwhile, the US 10-year yield edged higher at 4.11% following a lower weekly jobless claims.
  • As for Hong Kong equities, the HSI declined as traders turned cautious that the Federal Reserve may not be as aggressive in cutting rates as initially perceived.
  • On the domestic front, the FBM KLCI dipped to below the 1,600 level amid some profit taking activities.
  • We were indeed surprised by the sell-down as we expect the local bourse to be rather well supported.
  • Nonetheless, we believe this as a brief correction and that bargain hunters will be back anytime soon.
  • As such, we anticipate the index to trend within the 1,600-1,610 range today.
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