Market Reports

Daily Market Report - 20 August 2025
Daily Market Report - 20 August 2025
  • Wall Street ended broadly lower as traders remained focused on the Federal Reserve summit over the next few days.
  • Nonetheless, the sell-down in tech stocks were sharp as many deemed the sector is due to take a breather following a decent rally.
  • Meanwhile, the US 10- year yield was flat at 4.31%.
  • Over in Hong Kong, the HSI remains in a mini consolidation mode as funds are looking at mainland China stocks amid a lower interest rate environment.
  • On the home front, the FBM KLCI resumed its impressive performance predominantly supported by local institutions which is heartening to see.
  • If this is maintained, we believe the index can re-test the 1,600 target thereafter our 2025 target at 1,630, hopefully soon.
  • As such, we will not be surprised if consensus began to upgrade their respective targets for the KLCI in due course.
  • For today, we expect the index to trend between the 1,585-1,600 range.
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Daily Market Report - 19 August 2025
Daily Market Report - 19 August 2025
  • Wall Street closed flat as traders were mostly sidelined, looking ahead at Jerome Powell’s speech during the Fed’s Jackson Hole summit later this week.
  • Meanwhile, the US 10-year yield inched higher at 4.335%.
  • Over in Hong Kong, the HSI reversed earlier gains to close in negative territory as sentiment became cautious on Hong Kong’s property debt repayment and that Trump will unveil more tariffs on semiconductors over the next few weeks.
  • Back home, the FBM KLCI surprisingly ended in a strong note as it climbed to the 1,585 mark.
  • Following a couple days of consolidation, the index seems to have found its footing again.
  • Meanwhile, we noticed the CPO price is ascending nicely to above the RM4,500/tonne as demand from India escalates.
  • Whether this is sustainable remains to be seen.
  • For today, we expect the index to hover between the 1,580-1,590 range.
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Daily Market Report - 18 August 2025
Daily Market Report - 18 August 2025
  • Wall Street ended mixed as traders opted to lock in profits after a decent run-up on a weekly basis amid a dip in US consumer sentiment for August affected by concerns on inflation.
  • Meanwhile, the US 10-year yield edged higher at 4.322%.
  • Over in Hong Kong, the HSI declined on the back of weaker economic data from China.
  • July’s industrial production from China posted a 5.7% gain while its retail sales increased by 3.7% which were below consensus forecast of 6.8% and 4.6% respectively.
  • Back home, the FBM KLCI closed lower amid some profit taking activities.
  • Though the index is still 20 points higher on a weekly basis, it is still disappointing that the index failed to test the 1,600 level.
  • We believe sentiment may have turned cautious for the time being hence foresee the index to trend between the 1,570-1,580 range today.
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Daily Market Report - 15 August 2025
Daily Market Report - 15 August 2025
  • Wall Street closed mixed as confusion reigned over the latest US inflation data which showed July’s producer price index (PPP) rose 0.9% as opposed to the forecast 0.2%.
  • Meanwhile, the US 10-year yield edged higher at 4.287%.
  • Over in Hong Kong, the HSI closed lower following a decent opening attributed to some profit taking activities.
  • Traders are also pondering if recent decent corporate earnings are sustainable to support the uptrend.
  • Back home, the FBM KLCI ended in negative territory despite a strong opening as investors decided to lock in profits following a strong performance over the last few days.
  • Nonetheless, we noticed foreign funds remained net sellers which are market dampeners.
  • For today, we expect the index to hover between the 1,575- 1,585 range.
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Daily Market Report - 14 August 2025
Daily Market Report - 14 August 2025
  • Wall Street continues with its bullish momentum pushing both Nasdaq and the S&P500 to record highs, spurred by hopes for a rate cut by the Federal Reserve next month coupled with a strong corporate earnings season.
  • Meanwhile, the US 10-year yield eased to 4.236%.
  • A look at Hong Kong, the HSI cruised past the 25,000 level as traders’ risk appetite increased on hopes for a Fed rate cut in September escalates.
  • On the domestic front, the FBM KLCI also displayed a solid performance as it surged to almost the 1,590 mark amid a bullish regional performance. .
  • In view of this, we believe the index is set to test the 1,600 level soon and that this will eventually improve overall trading volume of the local bourse going forward.
  • We expect buying momentum to persist, hence expect the index to hover within the 1,580- 1,600 range today.
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