Market Reports

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.
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Daily Market Report - 1 July 2026
Daily Market Report - 1 July 2026
  • Wall Street ended broadly higher led predominantly by tech stocks as overall sentiment was buoyed by the progression of a peace deal between the US and Iran.
  • Meanwhile, the US 10-year edged higher at 4.461%, attributed to a strong set of job data for May that may point to a rate hike later this year.
  • As for Hong Kong, the HSI declined to below the 23,000 level again as selling on tech stocks resurfaced.
  • Sentiment was also affected by the elevated US yields which points to a possible rate hike.
  • The HKEX is closed for public holiday today.
  • On the home front, the FBM KLCI dipped slightly but off the day’s low as bargain hunting activities were apparent late in the trading session.
  • As expected, trading remained muted and we expect this to persist with the index to gyrate between the 1,660-1,670 range today.
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Daily Market Report - 30 June 2026
Daily Market Report - 30 June 2026
  • Wall Street closed broadly higher as sentiment was boosted by the mutual freeze of military strikes between the US and Iran for now.
  • Debut by Alphabet on the DJIA further maintain buying interests on selective tech stocks.
  • Meanwhile, the US 10-year yield remained flat at 4.378%.
  • Over in Hong Kong, the HSI rebounded to above the 23,000 mark as bargain hunters emerged, snapping up tech stocks that were badly bruised of late.
  • Back home, the FBM KLCI pared earlier losses to close on a flat note possibly due to some late bargain hunting activities.
  • Nonetheless, we believe investors remained wary of the externalities, hence the low trading volume of only 2.7bn shares.
  • With no clear signs of the middles east tension easing, we anticipate another boring day on the local bourse with the index to trend between the 1,660-1,670 today.
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Daily Market Report - 29 June 2026
Daily Market Report - 29 June 2026
  • Wall Street ended lower last Friday as the tech sector may have encountered some trading fatigue after a massive sell-down in AI stocks last week.
  • Nonetheless, latest attacks between the US and Iran may further erode the fragile situation in the middle east. Already all 3 major index futures have reacted negatively.
  • Meanwhile, the US 10-year yield remained flat at 4.376%.
  • Over in Hong Kong, the HSI declined to below the 23,000 level or a YTD low.
  • Overall sentiment was further soured by the “free-fall” in AI stocks over in South Korea.
  • Back home, the FBM KLCI halted its 4-day decline to close just below the 1,670 mark.
  • Market undertone remains cautious in the absence of catalysts.
  • While we view current levels as solid opportunity to accumulate, we would advise investors to do it vigilantly.
  • Although laggards may be on the radar, we believe planters should stay in the buying list.
  • For today, we expect the index to hover within the 1,665-1,675 range.
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Daily Market Report - 26 June 2025
Daily Market Report - 26 June 2025

  • Wall Street closed mixed as AI-related stocks resumed their volatile trading pattern, while Apple declined after raising prices on a number of its products, weighing on overall market sentiment.

  • The Dow gained 0.14%, while the S&P 500 finished flat, and the NASDAQ declined 0.46%.

  • In HK, the HSI lost 1.43% to 23,076.91 points due to strong selling on Mainland Chinese stocks.

  • Back home, the FBM KLCI retreated following heavy selling pressure in PMETAL and PCHEM, causing the benchmark index to breach the 1,675 support level. The next downside support is seen near 1,660.

  • Despite the weak technical picture, the recent decline has resulted in more compelling valuations, which may encourage bargain-hunting activities should selling pressure ease. We expect the FBM KLCI to remain within the 1,660–1,670 range today.

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