Market Reports

Daily Market Report - 11 February 2026
Daily Market Report - 11 February 2026
  • Wall Street closed on a mixed note as traders reacted negatively to the weaker than expected retail sales data amidst the concern that AI will pose some threats on the financial sector after Altruist launched an AI powered tax planning tools.
  • Meanwhile, the US 10-year yield declined to 4.141%.
  • As for Hong Kong, the HSI maintained its climb as sentiment returned to risk-on mode.
  • Traders are betting that recent jitters on tech stocks may have ran its course, hence interests on tech stocks are expected to persist, going forward.
  • On the home front, the FBM KLCI ended lower amid some intermittent profit taking activities following a solid performance.
  • We view this minor correction as healthy and expect the index to stage a rebound anytime soon.
  • As such, we anticipate the index to hover within the 1,745-1,760 range today.
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Daily Market Report - 10 February 2026
Daily Market Report - 10 February 2026
  • It was another positive day on Wall Street as funds returned to tech related stocks.
  • In the meantime, traders are waiting for the delayed job data due to the partial government shutdown.
  • On the whole, sentiment remains rather edgy as we enter into a crucial earnings season.
  • Meanwhile, the US 10year yield was flat at 4.20%.
  • Over in Hong Kong, the HSI along with its regional peers rebounded strongly to close above the 27,000 level.
  • Sentiment was further boosted by the parliamentary election results in Japan.
  • On the home front, the FBM KLCI surged past the 1,750 mark attributed to sustained buying activities predominantly by foreign funds.
  • We believe this to persist in view of the ongoing portfolio rotation out of US stocks hence expect the index to trend between the 1,745-1,760 range today.
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Daily Market Report - 9 February 2026
Daily Market Report - 9 February 2026
  • Wall Street closed positively as all 3 major indices rebounded sharply higher following a sell-off in previous sessions.
  • With traders rotating out of growth to value stocks, the DJIA ended at a record high above the 50,000 mark.
  • Meanwhile, the US 10-year yield was flat at 4.206%.
  • Over in Hong Kong, the HSI declined to almost the 26,500 level as confidence was rattled by the tech sell-off on Wall Street as traders are expecting heightening volatility going forward.
  • Back home, the FBM KLCI managed to eke out a positive ending clearly showing that the local bourse is well supported by the underlying stock accumulation.
  • After undergoing a choppy week, we believe a steadier rebound is in store thus expecting the index to hover within the 1,730-1,750 range today with the hope that foreign funds will continue to flow in.
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Daily Market Report - 6 February 2026
Daily Market Report - 6 February 2026
  • Wall Street finished sharply lower amid sustained selling in technology stocks, with weak jobs data adding to concerns in a market already rattled by a major downturn in the software sector.
  • The Dow shed 1.20%, to end at 48,908.72.
  • The S&P 500 fell 1.23% to close at 6,798.40, while the Nasdaq Composite plunged 1.59% to settle at 22,540.59.
  • In Hong Kong, stocks finished higher on bargain hunting in technology names such as Lenovo, Baidu, and Xiaomi, with the HSI gaining 0.14% to end at 26,885.24.
  • On the local front, the FBM KLCI finished lower amid ongoing profit-taking activities.
  • We believe yesterday’s decline should not be viewed as a reversal, but rather as a necessary breather after a strong run.
  • The resilience shown during pullbacks points to underlying confidence, as investors appear comfortable holding positions while the market consolidates.
  • We anticipate the FBM KLCI to trend within the range of 1,730–1,745 today.
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Daily Market Report - 5 February 2026
Daily Market Report - 5 February 2026
  • Wall Street finished mixed, supported by buying in consumer, energy, healthcare and entertainment stocks, while technology shares declined amid AI concerns.
  • The Dow Jones Industrial Average rose 0.53% to 49,501.30, while the S&P 500 dipped 0.51% to 6,882.72.
  • Seling on tech stocks caused the Nasdaq to decline 1.51% to 22,904.58.
  • Hong Kong equities recovered from earlier declines in technology stocks, as strength in mainland China solar names and reduced VAT concerns lifted sentiment.
  • The HSI gained 0.05% to end at 15,857.32. On the local front, the FBM KLCI finished marginally lower due to profit taking activities.
  • Nonetheless, we interpret this as a positive correction, enabling the market to absorb the recent rally.
  • We expect the long-term uptrend to continue given the attractive valuations and persistent support from foreign funds.
  • As such, we anticipate the benchmark index to trend within the range of 1,735-1,755 for today.
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