Market Reports

Daily Market Report - 22 August 2025
Daily Market Report - 22 August 2025
  • Wall Street ended lower as traders are looking ahead for the Federal Reserve’s statement on interest rates later today.
  • Meanwhile, the US 10-year yield edged higher at 4.328%.
  • Over in Hong Kong, the HSI continues with its sideways movements as traders remain sidelined ahead of Jerome Powell’s speech to gauge the possibility of the much touted rate cut in September.
  • Back home, the FBM KLCI again defied gravity as the index ended above the 1,590 level despite off the day’s high.
  • Accumulation of stocks from local institutions was again apparent with buying interests mainly focused on the laggards.
  • We are indeed heartened by the solid support from the local funds thus far, rendering them taking the lead within the local bourse.
  • For today, we expect the index to hover between the 1,590-1,600 range, hopefully and beyond.
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Daily Market Report - 21 August 2025
Daily Market Report - 21 August 2025
  • Wall Street closed on a mixed note as traders continued to profit take on tech stocks fearing prevailing high valuation.
  • In addition, sentiment may also be affected by the statement from the Federal Reserve that a rate cut may not be so soon over concerns on weak job market coupled with heightening inflationary pressure.
  • Meanwhile, the US 10-year yield dipped to 4.291%.
  • Over in Hong Kong, the HSI reversed earlier losses to end marginally higher boosted by comments from the Chinese foreign ministry which was interpreted by traders as positive developments in the ongoing USChina trade negotiation.
  • Back home, the FBM KLCI closed slightly lower but off the day’s low buoyed by some late buying support.
  • It was apparent that buying interests were predominantly centred on laggards, especially those within the plantation segment.
  • In view of the recent accumulation stance from local institutions, we believe market undertone remains firm thus expecting the index to hover within the 1,585-1595 range today.
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Daily Market Report - 20 August 2025
Daily Market Report - 20 August 2025
  • Wall Street ended broadly lower as traders remained focused on the Federal Reserve summit over the next few days.
  • Nonetheless, the sell-down in tech stocks were sharp as many deemed the sector is due to take a breather following a decent rally.
  • Meanwhile, the US 10- year yield was flat at 4.31%.
  • Over in Hong Kong, the HSI remains in a mini consolidation mode as funds are looking at mainland China stocks amid a lower interest rate environment.
  • On the home front, the FBM KLCI resumed its impressive performance predominantly supported by local institutions which is heartening to see.
  • If this is maintained, we believe the index can re-test the 1,600 target thereafter our 2025 target at 1,630, hopefully soon.
  • As such, we will not be surprised if consensus began to upgrade their respective targets for the KLCI in due course.
  • For today, we expect the index to trend between the 1,585-1,600 range.
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Daily Market Report - 19 August 2025
Daily Market Report - 19 August 2025
  • Wall Street closed flat as traders were mostly sidelined, looking ahead at Jerome Powell’s speech during the Fed’s Jackson Hole summit later this week.
  • Meanwhile, the US 10-year yield inched higher at 4.335%.
  • Over in Hong Kong, the HSI reversed earlier gains to close in negative territory as sentiment became cautious on Hong Kong’s property debt repayment and that Trump will unveil more tariffs on semiconductors over the next few weeks.
  • Back home, the FBM KLCI surprisingly ended in a strong note as it climbed to the 1,585 mark.
  • Following a couple days of consolidation, the index seems to have found its footing again.
  • Meanwhile, we noticed the CPO price is ascending nicely to above the RM4,500/tonne as demand from India escalates.
  • Whether this is sustainable remains to be seen.
  • For today, we expect the index to hover between the 1,580-1,590 range.
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Daily Market Report - 18 August 2025
Daily Market Report - 18 August 2025
  • Wall Street ended mixed as traders opted to lock in profits after a decent run-up on a weekly basis amid a dip in US consumer sentiment for August affected by concerns on inflation.
  • Meanwhile, the US 10-year yield edged higher at 4.322%.
  • Over in Hong Kong, the HSI declined on the back of weaker economic data from China.
  • July’s industrial production from China posted a 5.7% gain while its retail sales increased by 3.7% which were below consensus forecast of 6.8% and 4.6% respectively.
  • Back home, the FBM KLCI closed lower amid some profit taking activities.
  • Though the index is still 20 points higher on a weekly basis, it is still disappointing that the index failed to test the 1,600 level.
  • We believe sentiment may have turned cautious for the time being hence foresee the index to trend between the 1,570-1,580 range today.
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