Market Reports

Daily Market Report - 7 January 2026
Daily Market Report - 7 January 2026
  • Wall Street closed broadly higher as both the S&P 500 and DJIA notched record high levels.
  • It seems traders are looking past the ongoing conflict between the US and Venezuela as positivity returns to tech stocks.
  • Meanwhile, the US 10-year yield inched higher at 4.169%.
  • Over in Hong Kong, the HSI jumped to a 7-week high as investors rotated into Chinese tech stocks over their more expensive peers in the US.
  • Additionally, a strengthening Yuan at more than a 30-month high vs the USD also acts as a catalyst.
  • On the home front, the FBM KLCI underwent a mild correction to end lower after a powerful run-up over the past month.
  • We view this as a healthy development and expect the local bourse to resume its uptrend anytime soon.
  • As such, we expect the index to hover within the 1,670-1,680 range today.
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Daily Market Report - 6 January 2026
Daily Market Report - 6 January 2026
  • Despite global criticisms, Wall Street closed broadly higher as traders celebrated the US invasion on Venezuela on the pretext that US companies will benefit from such developments especially the energy segment.
  • Meanwhile, the US 10-year yield eased slightly to 4.155%.
  • Over in Hong Kong, the HSI ended flat as traders are looking beyond prevailing geopolitical tensions.
  • Nonetheless, overall sentiment was cautious amid a muted session.
  • Back home, the FBM KLCI closed positively at just above the 1,680 mark as buying support from local institutions persisted.
  • We remain hopeful that the solid display by the blue chips may eventually encourage liquidity to cascade down to the smaller cap space.
  • At the moment, we noticed retailers remain side-lined in the absence of catalysts.
  • For today, we expect the index to gyrate within a range of 1,675 1,685 with an eye to breach the 1,700 thresholds anytime soon.
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Daily Market Report - 5 January 2026
Daily Market Report - 5 January 2026
  • It was a mixed first day for 2026 on Wall Street as the selling on tech-related stocks continues.
  • As a result, the Nasdaq closed in negative territory while both the S&P 500 and DJIA ended in positive mode.
  • Meanwhile, the US 10-year yield inched higher at 4.195%.
  • In a latest development, Trump declared that the US has captured Venezuela’s president and it will be interesting to see the market’s reaction.
  • As for Hong Kong, the HSI ushered in 2026 with vigour as the index surged past the 26,000 level with ease.
  • Sentiment was buoyed by optimism that both China and Hong Kong will record economic growth from more easing policies.
  • Back home, the FBM KLCI declined amid some profit taking activities following a solid run-up in December 2025.
  • We believe the local bourse may be taking a breather before realigning itself for a possible CNY rally as market liquidity builds up.
  • For today, we expect the index to trend between the 1,650 1,670 range.
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Daily Market Report - 2 January 2026
Daily Market Report - 2 January 2026
  • Wall Street closed 2025 on a low as profit taking activities persisted rendering a Santa Claus rally an illusion for now.
  • Nonetheless, many experts remain positive on the US’ stockmarket despite the numerous headwinds.
  • Meanwhile, the US 10-year yield inched higher at 4.163% as inflation remains a sticky proposition.
  • Over in Hong Kong, the HSI ended 2025 lower but gained 28% in 2025 making it the strongest performer within the region.
  • Looking ahead, traders are still positive on Chinese stocks amid some volatility.
  • On the home front, the FBM KLCI closed the year lower but maintained above the 1,680 mark or a 2.3% gain YTD.
  • Most interestingly, the buying support by local institutions has been instrumental in propping up the index despite the net foreign outflows in excess of RM20bn.
  • As such, we believe the local bourse is poised for more upside as the rebalancing of foreign funds is still ongoing.
  • For today, we expect the index to hover within the 1,675-1,690 range.
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Daily Market Report - 31 December 2025
Daily Market Report - 31 December 2025
  • Wall Street ended lower as the selling on tech related stocks continues.
  • Sentiment was also affected by the latest meeting minutes from the Feds that there was a tight split in December’s rate cut.
  • Meanwhile there was little change in the US 10-year yield that stayed at 4.126%.
  • Over in Hong Kong, the HSI closed higher as traders are gearing up for more clarity in 2026.
  • Meanwhile, the Chinese Yuan surged to a 30-month high at 6.99 against the USD.
  • Back home, the FBM KLCI continues to surprise as it ended on a multi-year high spurred by persistent stock accumulation by local institutions.
  • Despite the constant net foreign outflows, market undertone remains steadfast.
  • However, retail participation has been weak as depicted by the low daily volume, but we believe this may improve overtime once the market liquidity improves within the bigger caps space.
  • For today, we anticipate the index to trend within the 1,680 1,690 range.
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