Market Reports

Daily Market Report - 4 August 2025
Daily Market Report - 4 August 2025
  • Wall Street closed broadly lower as fears of a weakening economy and the effects from Trump’s tariff war heightened.
  • Meanwhile, July’s job data came in lower than expected with sharp downward revision for June and May figures, illustrating an even dismal job market hence the US 10-year yield slipped to 4.216%.
  • Over in Hong Kong, the HSI dipped to almost a month low as sentiment became jittery over corporate earnings and the ongoing tariff negotiations between China and the US.
  • Back home, the FBM KLCI rebounded with vengeance to above the 1,530 mark following a revised lower US tariff on Malaysia with both semiconductor and pharmaceutical products being exempted.
  • In view of the prevailing uncertainty, we expect the index to hover within the 1,525-1,535 range today.
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Daily Market Report - 1 August 2025
Daily Market Report - 1 August 2025
  • Wall Street ended lower as sentiment turned jittery over Trump’s tariff deadline today whilst traders largely ignored the solid earnings from Microsoft and Meta.
  • Meanwhile, uncertainty if the Fed will adjust rates in September further weigh the market with the US 10-year yield inching higher at 4.382%.
  • Over in Hong Kong, the HSI declined to below the 25,000 mark as disappointments mounted from the Federal Reserve’s no rate cut for now coupled with the unexpected weak manufacturing data in China for the month of July.
  • Back home, the FBM KLCI closed lower despite some efforts to support the index amid PM Anwar’s revelation of the nation’s 13MP which we believe is rather positive.
  • However, we reckon the absence of clarity on tariff for Malaysia plus the recent tax pressures on Tenaga to a tune of RM1.45bn may have been the contributory factors for the yesterday’s selling.
  • As the mood has turned cautious, we expect the index to hover within the 1,510-1,525 range today.
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Daily Market Report - 31 July
Daily Market Report - 31 July
  • Wall Street closed on a mixed note and off the day’s high after Jerome Powell said that the Federal Reserve is not ready to cut rate as it continues to assess the impacts from Trump’s tariffs.
  • As a result, the US 10-year yield edged slightly higher at 4.368%.
  • In Hong Kong, the HSI closed lower as the market may be suffering from bouts of indigestions following a solid rally over the past month.
  • Notwithstanding this, the index remains above the 25,000 mark and we believe there to be more upside for Hong Kong equities over the medium term.
  • Back home, the FBM KLCI remained lacklustre as it gyrates within a narrow band to end the session marginally positively.
  • Due to the lack of catalysts, we reckon the index to possibly trend between the 1,520-1,530 range today.
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Daily Market Report - 30 July 2025
Daily Market Report - 30 July 2025
  • Wall Street closed lower as profit taking activities emerged ahead of the Federal Reserve’s rate decision later today coupled with a mixed bag of corporate results.
  • Meanwhile, the US 10-year yield eased to 4.324%.
  • Over in Hong Kong, the HSI ended marginally lower but off the day’s low as sentiment turned cautious ahead of the Federal Reserve’s rate policy coupled with forthcoming earnings report.
  • At the home front, the FBM KLCI declined to almost the 1,520 level despite a strong opening as we believe foreign funds took the opportunity to lock in profits after a decent run-up recently.
  • Nonetheless, we reckon the sell-down was quite excessive and expect an immediate rebound otherwise we may be stuck within another consolidation phase.
  • For today, we expect the index to trend between the 1,520- 1,530 range.
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Daily Market Report - 29 July 2025
Daily Market Report - 29 July 2025
  • Wall Street ended mixed as the trade agreement between the US and the European Union (EU) failed to spark any rally.
  • Instead, traders are focusing on earnings and the FOMC meeting over the next few days.
  • Meanwhile, the US 10-year yield was flat at 4.414%.
  • In Hong Kong, the HSI rebounded as sentiment was buoyed by the trade agreement between the US and the EU coupled with the tariff pause extension between the US and China.
  • Back home, the FBM KLCI failed to sustain the aggressive opening as the index closed below the 1,530 level.
  • Despite this, we believe the benchmark index may see some bargain hunting in view that both Thailand and Cambodia agreed to an unconditional ceasefire with immediate effect, much kudos to PM Anwar’s efforts.
  • As such, we expect the index to hover between the 1,530- 1,545 range today
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