Market Reports

Daily Market Report - 22 June 2026
Daily Market Report - 22 June 2026

  • Both the US and Hong Kong markets were closed for public holiday last Friday.

  • Nonetheless, the delay in the US-Iran accord and Israel latest strikes on Lebanon has casted uncertainty surrounding the peace talk. As a result, the Brent crude trended to above the USD80/barrel.

  • On the home front, the FBM KLCI closed flat again but off the day’s low at 1,700 level, indicating that bargain hunters are still around with focus predominantly on blue chip stocks. It was a muted trading session with daily volume stuck at the 3.4bn shares mark.

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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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