Market Reports

Daily Market Report - 5 December 2025
Daily Market Report - 5 December 2025
  • Wall Street closed mixed ahead of the Federal Reserve’s rate decision next week.
  • Clear signs that the US labour market is softening have increased expectations of a 25bps cut.
  • Meanwhile, the US 10-year yield edged higher at 4.10%.
  • Over in Hong Kong, the HSI rebounded towards the 26,000 level as confidence grew of a Fed rate cut amid a weak job market data in the US.
  • Back home, the FBM KLCI maintained its intermittent correction to end marginally lower at just above the 1,620 mark.
  • Market sentiment remains cautious as traders were mostly side-lined.
  • Nonetheless, we believe the improving MYR currently at 4.11 against the USD, should act as a catalyst for foreign fund inflows going forward.
  • For today, we expect the index to possibly trend between the 1,620-1,630 range.
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Daily Market Report - 4 December 2025
Daily Market Report - 4 December 2025
  • Wall Street continued with its recovery as sentiment was buoyed by a weaker than expected private payroll in November hence strengthening the Fed’s conviction to cut rates next week.
  • Meanwhile, the US 10-year yield was marginally lower at 4.063%.
  • Over in Hong Kong, the HSI declined attributed to profit taking activities as traders took the advantage to lock in profits after recent gains.
  • In the interim, sentiment has turned cautious while waiting for signals from the Federal Reserve, Bank of Japan and Beijing.
  • Back home, the FBM KLCI failed to sustain its 2-day climb and closed at the 1,620 thresholds amid a weak regional performance.
  • We assume traders prefer to see clearer picture from the US before committing themselves again.
  • For today, we anticipate the index to hover within the 1,620-1,630 range.
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Daily Market Report - 3 December 2025
Daily Market Report - 3 December 2025
  • Wall Street rebounded as sentiment was bolstered by the return of interest in risky assets underscored by the gains in Bitcoin.
  • Traders are also discounting the Fed rate cut next week and are looking at the better earnings forecasts for 2026.
  • Meanwhile, the US 10-year yield was flat at 4.09%.
  • Over in Hong Kong, the HSI barely stayed above water as traders remains affected by the sell-off in Bitcoin coupled with concerns over the possible unwinding of Yen-linked carry trade.
  • Back home, the FBM KLCI maintained its ascension as bargain hunting activities continue.
  • The index tested the 1,635 mark before easing to end at the 1,630 thresholds.
  • We believe market undertone remains steady, hence expect the index to trend between the 1,630-1,640 range today.
  • Meanwhile, the MYR is still firm at 4.13 against the USD.
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Daily Market Report - 2 December 2025
Daily Market Report - 2 December 2025
  • Wall Street ended broadly lower as profit taking activities emerged after a decent run-up of late.
  • Overall sentiment was also affected by the shrinking risk appetite as seen from the sharp fall in Bitcoin overnight.
  • Meanwhile, the US 10-year yield edged higher at 4.09%.
  • As for Hong Kong equities, the HSI recovered to close above the 26,000 thresholds spearhead mostly by tech heavyweights.
  • Overall sentiment improved as traders remained confident of a Fed rate cut next month.
  • On the home front, the FBM KLCI rebounded strongly to above the 1,620 level underpinned by a resurgent in stock accumulation.
  • It was evident that yesterday’s buying has been centred on the index linked laggards.
  • In view of the strengthening MYR, we should expect more net foreign fund inflows thus envisage the index to hover within the 1,620-1,630 range today.
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Daily Market Report - 1 December 2025
Daily Market Report - 1 December 2025
  • Wall Street closed positively as overall mood was bolstered by improving expectations of a Federal Reserve rate cut in December with many expecting a further 25bps reduction.
  • Meanwhile, the US 10-year yield edged higher at 4.017%.
  • Over in Hong Kong, the HSI declined as traders are looking for fresh catalysts after pricing in the US rate cut expectations.
  • On the home front, the FBM KLCI dipped to below the 1,605 level as sentiment may be weighed by the Sabah election on Saturday.
  • Nonetheless, we believe the local bourse is set for a rebound following the decent outcome from Saturday’s election thus expect the index to trend between the 1,605-1,615 range today
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