Market Reports

Daily Market Report - 23 February 2026
Daily Market Report - 23 February 2026
  • Wall Street closed higher after the Supreme Court struck down most of Trump’s tariffs, potentially providing relief to companies burdened by higher costs and at the same, easing inflationary concerns.
  • However, in response to this ruling, a defiant Trump is imposing a 15% global tariff “almost immediately”.
  • Meanwhile, the US 10-year yield inched higher at 4.086%.
  • Over in Hong Kong, the HSI fell broadly lower after a long break on concerns over the escalating tension between the US and Iran.
  • On the home front, the FBM KLCI ended flat attributed to last minute buying activities following a muted session.
  • While we remain steadfast that market undertone for the local bourse remains solid, Trump’s latest tariff policy may create some confusion over the short term.
  • As such, we expect the index will hover within the 1,750-1,760 range today.
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Daily Market Report - 20 February 2026
Daily Market Report - 20 February 2026
  • Wall Street declined as traders shifted away from financials, especially private credit stocks, on concerns about losses in the private loans segment, spurring selling on Blackstone and Apollo Global Management.
  • Meanwhile, the US 10-year yield was marginally lower at 4.069%.
  • Hong Kong Stock Exchange will resume trading today.
  • Back home, the FBM KLCI seemed well supported by continuous stock accumulation from foreign funds.
  • Nonetheless, daily volume remains lacklustre at around the 2bn shares threshold as prevailing buying interest is predominantly centred on blue chips attributed to the resurgence of foreign fund inflows.
  • Whilst a CNY rally may be far fetched at the moment, we are hopeful that the persistent inflow of funds may instigate some interest in the small/mid caps space eventually.
  • For today, we expect the index to hover within the 1,750 1,760 range.
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Daily Market Report - 19 February 2026
Daily Market Report - 19 February 2026
  • Wall Street ended higher predominantly led by tech stocks following the release of minutes from the Federal Reserve’s recent policy meeting whereby most agreed to maintain rates at current level.
  • Meanwhile, the US 10 year yield fell to 4.083%.
  • Over in Hong Kong, the HSI closed on a positive note ahead of the CNY break.
  • The index gained almost 370 points YTD and traders remain upbeat that the uptrend will sustain.
  • The HKSE will resume trading this Friday. On the home front, the FBM KLCI ended slightly higher due to last minute buying following a lacklustre session.
  • Daily volume remains pathetic at around 1.80bn shares valued at RM1.81bn, clearly indicating the absence of retail participation.
  • For today, we expect the index maintain its climb and trend between the 1,740-1,750 range underpinned by Malaysia’s solid 4Q GDP growth of 6.3% that exceeded expectations.
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Daily Market Report - 16 February 2026
Daily Market Report - 16 February 2026
  • Wall Street ended on a mixed note after a volatile session last Friday as investors assessed January’s softer than expected inflation data for clues on the future direction of interest rates.
  • The Dow rose 0.1%, to end at 49,500.93.
  • The S&P 500 added 0.05% to close at 6,836.17, while the Nasdaq Composite fell 0.22% to settle at 22,546.67.
  • In Hong Kong, stocks finished lower, dragged down by weakness in tech stocks amid the global uncertainty and valuation concerns, with the HSI losing 1.72% to end at 26,567.12.
  • Domestically, the FBM KLCI closed slightly lower as profit-taking activities persisted.
  • After the recent strong advance, the market may continue to consolidate, especially with thinner participation during the extended holiday period.
  • Selective profit-taking in blue chips could continue as investors reassess positions.
  • We anticipate the index to hover between 1,730 and 1,745 today.
  • Finally, we wish our readers a Happy Chinese New Year, Gong Xi Fa Cai.
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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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