Market Reports

Daily Market Report - 8 September
Daily Market Report - 8 September
  • Wall Street closed lower on concerns of a weakening job market and the state of the US economy.
  • Although a Fed rate cut seems imminent, traders shifted their attention to the 22,000 job openings in August as opposed to the estimate of 75,000.
  • As a result, the US 10-year yield declined to 4.076%.
  • On the contrary, Hong Kong equities rebounded on heightening possibilities of an apparent Fed rate adjustment by middle of this month.
  • Back home, the FBM KLCI ended on a flat note amid muted buying support.
  • We noticed that despite admitting the recent concluded earnings season had been decent, most research houses prefer to remain calm hence expecting the KLCI to trend between 1,620-1,690 by end 2025.
  • For today, we believe the KLCI to play catch up following a strong regional performance last Friday thus anticipate the index to hover within the 1,580-1,595 range.
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Daily Market Report - 4 September 2025
Daily Market Report - 4 September 2025
  • Wall Street ended mixed on concerns over the latest job opening data which showed a decline in the US underscoring a weakening US economy.
  • Nonetheless, a federal court decision in an Alphabet anti-trust case avoided a worst case scenario for the tech giant, sending share price 9% higher.
  • Meanwhile, the US 10- year yield edged higher at 4.219%.
  • As for Hong Kong, the HSI declined despite a bright opening as sentiment may have turned cautious over the fatigue shown amongst Chinese stocks following a strong rally recently.
  • On the domestic front, the FBM KLCI showed sporadic buying but failed to sustain a decent uptrend.
  • Nonetheless, the benchmark index managed to close modestly higher ahead of another long weekend starting Friday.
  • As such, we expect the index to trend within the 1,575-1,585 range today
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Daily Market Report - 3 September 2025
Daily Market Report - 3 September 2025
  • Wall Street declined attributed to profit taking activities as sentiment was affected by the latest court ruling that Trump’s tariffs policy may be illegal.
  • Thus, amid the heightened uncertainty, the US 10-year yield inched higher at 4.265%.
  • Over in Hong Kong, the HSI retreated following a blistering run-up recently bolstered predominantly by the Chinese stock market boom buoyed by strong buying interests of late.
  • On the domestic front, the FBM KLCI closed marginally higher due to last minute buying support after hovering in negative territory for most of the session.
  • As such, we remain confident that the local bourse remains well supported by local institutions despite the persistent net foreign outflows.
  • In view of this, we expect the index to trend between the 1,575-1,585 range today.
  • Meanwhile, gold prices surged to an all-time high above USD3,500/oz underscoring the apparent flight of funds out of USD.
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Daily Market Report - 2 September 2025
Daily Market Report - 2 September 2025
  • Wall Street was closed for Labor Day yesterday and will resume trading today.
  • Nonetheless, all 3 major indices on Wall Street declined last Friday after latest report on consumer sentiment for July decreased while July also saw a widening US trade deficit.
  • Over in Hong Kong, the HSI jumped by more than 500 points to test the 26,000 mark led by the 19% surge in Alibaba and expectations that the Federal Reserve will cut rate by mid this month.
  • Back home, the FBM KLCI as expected failed to maintain its uptrend as sellers emerged ahead of the long weekend.
  • As such, the index declined to below the 1,580 level.
  • Nonetheless, we believe a swift rebound should occur as we expect the market undertone is still strong.
  • For today, we anticipate the index to hover within the 1,575-1,590 range.
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Daily Market Report - 29 August 2025
Daily Market Report - 29 August 2025
  • Wall Street closed positively with the S&P 500 touching another record high as traders were convinced that Nvidia’s earnings further affirmed the prevailing AI boom, albeit with some initial concerns.
  • Meanwhile, the US 10-year yield eased to 4.205% further highlighting the rate cut possibility by the Federal Reserve in midSeptember.
  • Over in Hong Kong, the HSI declined to just below the 25,000 level as sentiment was affected by earnings from Chinese companies weren’t compelling enough coupled with NVidia’s downbeat outlook.
  • Back home, despite hovering rather positively throughout the day, the FBM KLCI ended marginally lower attributed to last minute selling activities.
  • We believe this could be due to profit taking by foreign funds.
  • For today, we expect the index to hover between the 1,585-1,595 range ahead of the long weekend.
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