Market Reports

Daily Market Report - 19 June 2026
Daily Market Report - 19 June 2026
  • Wall Street rebounded as sentiment steadied following a hawkish mood from the Federal Reserve on Wednesday.
  • Meanwhile, the US 10-year yield ended marginally lower at 4.455%.
  • Over in Hong Kong, the HSI declined to below the 24,000 level as traders were discouraged by the Fed’s hawkish view on interest rates with expectations of a rate hike by year end.
  • Back home, the FBM KLCI ended flat and off the day’s high at 1,722 attributed to late selling activities, presumably by foreign funds.
  • Looking ahead, we believe trading would remain muted thus anticipating the index to hover within the 1,705-1,715 range today.
  • Crude oil prices were flat and did not react to the reopening of the Strait of Hormuz as Brent crude remains at around USD79/barrel.
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Daily Market Report - 18 June 2026
Daily Market Report - 18 June 2026
  • Wall Street ended lower as sellers took control following Kevin Warsh’s first Fed meeting that many are expecting a rate hike this year.
  • As a result, the US 10-year yield jumped to 4.487%.
  • In Hong Kong, the HSI declined as traders sold ahead of the Fed’s rate decision later today.
  • On the home front, the FBM KLCI managed to recover its losses to close at a 2-week high at almost the 1,710 mark.
  • Although buying was broad based, focus was mainly centred on index linked laggards predominantly the telcos.
  • Encouraged by the positive sentiment in the middle east, we expect the index to maintain its uptrend and hover within the 1,705-1720 range today.
  • Meanwhile, Brent crude price has dipped to its lowest level since early-March at USD78/barrel.
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Daily Market Report - 16 June 2026
Daily Market Report - 16 June 2026
  • Wall Street extended its rally after Trump said that the US and Iran have reached an agreement to end the war.
  • As a result, crude oil prices declined with the Brent crude trending at around USD83/barrel currently while the US 10-year yield slid slightly to 4.473%.
  • Meanwhile, regional markets “lifted-of” following a possible resolution to the middle east crisis that will see the re-opening of the Strait of Hormuz and the lifting of the US blockade.
  • Nonetheless, we noticed that there remain some apprehension as most major indices closed off their respective day’s high.
  • Back home, the FBM KLCI ended just above the 1,690 mark but upside was suppressed by the sell-down on PChem (-15%).
  • Nonetheless, bargain hunting activities took centre stage as the daily volume surpassed the 5bn shares level.
  • Thus, we expect the index to maintain its climb and hover within the 1,690- 1,710 range today.
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Daily Market Report - 15 June 2026
Daily Market Report - 15 June 2026
  • Wall Street ended on a positive note bolstered by the solid debut from SpaceX in addition to the potential peace deal between the US and Iran.
  • As a result, crude oil prices retreated with the Brent crude down to around the USD88/barrel while the US 10-year yield inched slightly higher to 4.483%.
  • As for Hong Kong, the HSI staged a solid recovery at above the 24,500 level as SpaceX will be included into the Hang Seng HK-US Tech Index coupled with a possible ceasefire in the middle east.
  • Back home, the FBM KLCI also closed positively amid a muted session as overall sentiment remained rather cautious.
  • With the view of shifting liquidity to Hong Kong anchored by SpaceX, we believe trading activities within the region to stay quiet thus expect the index to trend between the 1,680-1,690 range today
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Daily Market Report -12 June 2026
Daily Market Report -12 June 2026
  • Wall Street staged a sharp rally boosted by tech stocks after Trump called off the scheduled strikes on Iran and said that a resolution will be signed over the few days.
  • As a result, crude oil prices dipped with the Brent crude now at USD90/barrel while the US 10-year yield eased to 4.459%.
  • Over in Hong Kong, the HSI slid to a YTD low, nearing the 24,000 level as selling pressure persisted.
  • Mounting fears in the middle east coupled with the leaking AI-related bubble had traders maintaining their risk-off mode.
  • Back home, the FBM KLCI gyrated within a narrow range to end flat. We noticed foreign funds have been net sellers over the past few days and is not
    relenting.
  • Nonetheless, we remain adamant that the local bourse is still well supported at prevailing levels. Buoyed by the sharp recovery on Wall Street, we
    anticipate the index to trend between the 1,675-1,695 range today.
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