Market Reports

Daily Market Report - 12 June 2025
Daily Market Report - 12 June 2025
  • Wall Street ended lower as sentiment remains tentative over the developments of the trade talk between China and the US.
  • Focus was also on the latest CPI figure that grew less than expected but the market is still unconvinced.
  • Meanwhile, the US 10-year yield eased to 4.42%.
  • Hong Kong equities closed positively after both the US and China agreed on a framework to continue easing the exiting trade tension.
  • Meanwhile, Chinese auto players ended on a positive note after several automakers pledged to pay suppliers within 60 days.
  • On the home front, the FBM KLCI jumped to above the 1,520 mark as buyers emerged following days to downtrend.
  • We suspect this may be due to stock accumulation by local institutions.
  • Though fundamental remains largely unchanged, we expect the index to hover within the 1,520- 1,530 range today.
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Daily Market Report - 11 June 2025
Daily Market Report - 11 June 2025
  • Wall Street ended broadly higher as traders are hoping for a positive resolution from the ongoing trade discussion between China and the US.
  • Although the US has been sounding rather bullish on the negotiation, the situation remains fluid as China remains quiet.
  • Meanwhile, the US 10-year was flat at 4.474%.
  • Over in Hong Kong, the HSI closed marginally lower as traders decided to lock in some profits whilst the ongoing discussion between China and the US enters the second day after a fruitless first day.
  • Back home, the FBM KLCI as usual ended slightly lower possibly due to foreign selling again.
  • The lack of interest for the domestic equities has been quite profound of late as trading activities have been muted over the past months.
  • In the absence of fresh incentives, there was no allure for traders to delve into the local bourse hence the waning interests.
  • Even the IPOs were not spared as most registered marginal gains at best.
  • For today, we expect the index to hover within the 1,510-1,520 range.
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Daily Market Report - 10 June 2025
Daily Market Report - 10 June 2025
  • Wall Street ended flat with little changes to all 3 major indices.
  • Traders were mostly side-lined while waiting for the outcome from the discussion between China and the US.
  • Amid the prevailing uncertainty, the US 10-year yield slipped to 4.476%.
  • Meanwhile in Hong Kong, the HSI reversed last Friday’s losses to close above the 24,000 mark as sentiment was boosted by China’s May CPI though still weak, it is better than expected and could be a prelude for more easing policies from China going forward.
  • On the home front, the FBM KLCI managed to climb higher following a stop-start session as we suspect foreign selling still persists.
  • YTD the local bourse has endured of more than RM11bn of net foreign outflows as most are diverting their attention to the more robust Hong Kong market.
  • No thanks to Trump’s flip-flop tariff policy, consensus have downgraded overall earnings by corporate Malaysia namely the banks hence the lackluster interests on the local equities.
  • For today, we anticipate the index to trend within the 1,515-1,525 range.
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Daily Market Report - 9 June 2025
Daily Market Report - 9 June 2025
  • Wall Street closed broadly firmer on the back of higher than expected nonfarm payrolls hence easing concerns of an imminent economic slowdown in the US.
  • On the flipside, Tesla shares continue to slide amid the sparring match between Musk and Trump.
  • Meanwhile, the US 10- year yield edged higher to 4.506%.
  • As for Hong Kong, the HSI declined to below the 23,800 level amid some profit takings as Xi-Trump phone call failed to address any overriding concerns as more fresh catalysts are required to prop up the market.
  • Back home, the FBM KLCI failed to sustain its impressive performance on Thursday as the index stuttered to end just above the 1,515 level.
  • Trading activities remained muted as seen from the pathetic daily volume which dwindled to below the 2.0bn shares mark.
  • This could be attributed to the widespread downgrades of the benchmark index target for 2025 by the research fraternity recently.
  • As such, we expect the index to hover within the 1,510-1,520 today.
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Daily Market Report - 6 June 2025
Daily Market Report - 6 June 2025
  • Wall Street ended lower as sentiment was affected by the ongoing spat between Trump and Elon Musk.
  • Meanwhile, all eyes were also on Xi-Trump’s phone call which was deem very good by Trump and that a meeting between the 2 may be held soon.
  • On the flipside, the latest job data is showing a slowing labour market as the US 10-year yield edged slightly higher at 4.391%.
  • Over in Hong Kong, the HSI continues to climb to almost the 24,000 level as sentiment was boosted by the China’s PMI (purchasing managers’ index) for May that beat consensus allaying fears of an economic slowdown.
  • On the home front, the FBM KLCI sprinted to almost the 1,520 mark possibly due to more aggressive stock accumulation by the local institutions.
  • We were indeed surprised by this sudden strong buying interest after a lackluster display over the past month.
  • For today, we expect the index to hover within the 1,515-1,530 range
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