Market Reports

Daily Market Report - 20 June 2025
Daily Market Report - 20 June 2025
  • Wall Street was closed for holiday yesterday as traders are pondering if the US will join forces with Israel over the next 2 weeks.
  • At time of writing, all 3 major indices are sharply lower as the US 10-year yield eased to 4.391%.
  • Over in Hong Kong, the HSI declined sharply on inflationary concerns induced by prevailing higher tariffs coupled with the was in the middle east disrupting global crude oil supply and could be inflationary as well.
  • Back home, the FBM KLCI closed just above the 1,500 level as we believe foreign selling persists.
  • Nonetheless, we would advocate our clients to accumulate on the blue chips if and when the index dips below the 1,500 mark at around the 1,480 thresholds.
  • Meanwhile, the Brent crude price jumped to almost USD79/barrel as the tension between Israel and Iran escalates.
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Daily Market Report - 19 June 2025
Daily Market Report - 19 June 2025
  • Wall Street ended largely flat after the Fed maintained its interest rate stance, while geopolitical tensions in the Middle East continued to draw attention.
  • The Dow lost 44 points (+0.1%). The S&P 500 slipped 0.03%, while the Nasdaq Composite gained 0.13%.
  • Equities in Asia ended broadly lower as the geopolitical tension in Middle East remains unresolved.
  • As a result, the Hong Kong’s HSI dipped plunged 1.12%.
  • On the local front, the FBM KLCI finished a tad higher after a roller coaster session.
  • The low trading volume reflects investor caution, with many avoiding long positions due to persistent global risks and volatile market conditions.
  • We foresee trading will remain muted due to lack of catalysts and heightened market risks.
  • Hence, we anticipate the benchmark index to trend within the range of 1,500-1,520 for today.
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Daily Market Report - 18 June 2025
Daily Market Report - 18 June 2025
  • Wall Street declined amid fading optimism over a quick deescalation of Israel-Iran tensions.
  • The Dow lost almost more than 300 points (+0.7%).
  • The S&P 500 slipped 0.84%, while the Nasdaq Composite slipped 0.91%.
  • In Asia, key indices ended mixed as investors are till concern over the geopolitical tension in Middle East is still uncertain despite Iran is seeking for peace talk.
  • Over in Hong Kong, the HSI dipped 0.3% due to profit taking activities following Monday’s rally.
  • On the local front, the FBM KLCI finished lower as investors are reluctant to take long position due to the heightened global uncertainties and market volatility.
  • Additionally, foreign fund outflows further dampened investor sentiment.
  • We foresee the benchmark index remaining range-bound between 1,500 and 1,520 today, reflecting increased market volatility.
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Daily Market Report - 17 June 2025
Daily Market Report - 17 June 2025
  • Wall Street finished higher as reports of Iran's efforts to end its conflict with Israel lifted market sentiment.
  • The Dow Jones Industrial Average rose more than 300 points (+0.8%), while the S&P 500 gained nearly 1%.
  • Meanwhile, the Nasdaq Composite advanced 1.5%.
  • Over in Hong Kong, the HSI closed higher on the back of stronger-thanexpected economic data from China.
  • Domestically, the FBM KLCI ended higher due to late buying interest in plantation and telco stocks.
  • Despite the easing of Middle East tensions, we remain cautious as peace negotiations have yet to yield a conclusive outcome.
  • As such we anticipate the benchmark index to fluctuate between the 1,515 and 1,525 levels today.
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Daily Market Report - 16 June 2025
Daily Market Report - 16 June 2025
  • Wall Street slumped broadly lower amid a intensified conflict in the middle east between Israel and Iran.
  • The situation has worsened with both countries launching airstrikes.
  • As a result, crude oil prices surged with the Brent crude surging past USD70/barrel to end at almost the USD75/barrel.
  • Meanwhile, the US 10-year yield inched higher at 4.407%.
  • Over in Hong Kong, the HSI tumbled below the 24,000 level as tension in the middle east escalates.
  • Back home, the FBM KLCI closed weaker to below the 1,520 mark amid a regional downtrend over the tense situation in the middle east.
  • In view of the uncertainties between China and the US recent trade negotiation coupled with the Iran-Israel situation, we believe traders would be side-lined to wait out for more clarity.
  • As such, we expect the index to hover within the 1,500-1,510 range today.
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