Market Reports

Daily Market Report - 8 July 2026
Daily Market Report - 8 July 2026
  • Wall Street tumbled as traders decided to offload their position fearing that market expectations may have outpaced that of fundamentals.
  • As a result, the sell-off in AI-related stocks gathered pace.
  • Meanwhile, fresh attacks in the Strait of Hormuz have pushed oil price higher with the Brent crude now at USD74/barrel while the US 10-year yield edged higher at 4.551%.
  • Over in Hong Kong, the HSI retreated to below the 23,500 level as the selling on AI stocks re-emerged following a disappointing set of results from Samsung Electronics.
  • As for the local bourse, the FBM KLCI pared earlier losses to end up flat amid some late bargain hunting activities.
  • Daily trading volume remained low as market participants stayed cautious.
  • As such, we expect the index to hover within the 1,680-1,690 range today as trading is seen muted.
Download
Daily Market Report - 7 July 2026
Daily Market Report - 7 July 2026

  • Wall Street closed broadly higher with the DJIA notched another record closing. Sentiment was mostly focused on the recent weak job data coupled with Microsoft’s mass layoff. Meanwhile, the US 10-year yield was flat at 4.471%.

  • As for Hong Kong, the HSI climbed to almost the 24,000 thresholds underpinned by broad based rebound including the badly trashed tech related stocks predominantly due to bargain hunting activities from mainland Chinese.

  • On the home front, the FBM KLCI ended positively but off the day’s high as market undertone remains cautious. We reckon market participants may have an eye on the impending state election in Johor this weekend. Nonetheless, we are still adamant that the local bourse is ripe for some stock accumulation at prevailing levels. As such, we expect the index to trend within the 1,680-1,695 today.

Download
Daily Market Report - 6 July 2026
Daily Market Report - 6 July 2026
  • Wall Street was closed last Friday. Nonetheless, its futures indices are all pointing upwards as expectationsof a rate hike has diminished following a weaker than expected job data for May.
  • Over in Hong Kong, the HSI ended broadly higher as traders reacted positively on the weak US job data that also saw the badly bashed tech stocks ended positively as well.
  • Back home, the FBM KLCI trended higher to almost the 1,680 mark as foreign
    funds may have returned amid some bargain hunting activities. Notwithstanding this, overall trading stayed muted as reflected by the low daily volume. Looking at the interest rate environment which has turned more
    conducive now, may have traders back to the risk-on mode hence expect the index to hover between the 1,675- 1,695 range today.
Download
Daily Market Report - 3 July 2026
Daily Market Report - 3 July 2026
  • It was mixed session on Wall Street as traders are digesting the lower than expected job data which may point to a stagnant rate outlook from the Federal Reserve this year.
  • While the DJIA notched a new record high, the Nasdaq declined as the rotation out of tech stocks continues.
  • Meanwhile, the US 10-year yield was flat at 4.485%.
  • Over in Hong Kong, the HSI recovered to just above the 23,000 mark amid a choppy session as rotational plays out of the tech segment and back into the traditional sectors took centre stage.
  • Back home, the FBM KLCI ended higher at above the 1,660 level attributed to some bargain hunting activities.
  • We noticed market undertone remained cautious as illustrated by the low daily volume of 2.7bn shares.
  • As such, we anticipate the ongoing market consolidation to persist with the index to oscillate between the 1,650 1,670 range today.
Download
Daily Market Report - 2 July 2026
Daily Market Report - 2 July 2026
  • Wall Street closed lower as traders decided to unload tech stocks following yesterday’s uptrend within the tech segment.
  • Meanwhile, sentiment was also impacted by Fed chair Kevin Warsh’s statement that the inflation was too high thus saw the US 10-year yield higher at 4.481%.
  • The Hong Kong market was closed and will resume trading today.
  • To recap, the HSI is currently languishing below the 23,000 mark or a YTD low.
  • On the home front, the FBM KLCI ended lower amid an aggressive sell-down late in the session pushing the index down to around the 1,655 level or a YTD low.
  • Whether a Yen carry trade effect is unwinding remains to be seen as consensus has heightened expectations of more rate hikes by the BOJ following the Yen fresh low against the USD.
  • As such, we expect the index to hover within the 1,650-1,665 range today.
Download