Market Reports

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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Daily Market Report - 28 July 2025
Daily Market Report - 28 July 2025
28 Jul 2025
  • Wall Street closed broadly firmer underscored by solid earnings results and positive trade developments as Trump indicated that more deals may be done before the Aug. 1 deadline.
  • Meanwhile, the US 10-year yield eased slightly to 4.386% ahead of the FOMC meeting next week.
  • Over in Hong Kong, the HSI retreated amid some profit taking activities after a solid 5-day uptrend.
  • Back home, the FBM KLCI fell to below the 1,535 level as recent buying support may have dried up temporarily.
  • We believe the market may be taking a breather and is set to resume its climb in due course.
  • As such, we expect the index to hover within the 1,530-1,540 range today.
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Daily Market Report - 25 July 2025
Daily Market Report - 25 July 2025
  • Wall Street closed mixed as the DJIA ended lower due to the sell-off on IBM.
  • Otherwise, the US market seems to be in a good situation.
  • Meanwhile, the US 10-year yield was flat at 4.40% amid a rather resilient PMI and job data.
  • Over in Hong Kong, the HSI continues with its winning streak to stay within the 25,700 mark as sentiment remains buoyant with the US looking more forthcoming for negotiations amid the ongoing trade tension and many are hoping a deal may be agreed between the US and the EU soon.
  • On the home front, the FBM KLCI displayed another decent performance as it ended at the 1,540 level possibly from institutional support in view of the upcoming results season.
  • Meanwhile, we expect the index to maintain its positive course and trend between the 1,535-1,550 range today.
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