Market Reports

Daily Market Report - 3 July 2026
Daily Market Report - 3 July 2026
  • It was mixed session on Wall Street as traders are digesting the lower than expected job data which may point to a stagnant rate outlook from the Federal Reserve this year.
  • While the DJIA notched a new record high, the Nasdaq declined as the rotation out of tech stocks continues.
  • Meanwhile, the US 10-year yield was flat at 4.485%.
  • Over in Hong Kong, the HSI recovered to just above the 23,000 mark amid a choppy session as rotational plays out of the tech segment and back into the traditional sectors took centre stage.
  • Back home, the FBM KLCI ended higher at above the 1,660 level attributed to some bargain hunting activities.
  • We noticed market undertone remained cautious as illustrated by the low daily volume of 2.7bn shares.
  • As such, we anticipate the ongoing market consolidation to persist with the index to oscillate between the 1,650 1,670 range today.
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Daily Market Report - 2 July 2026
Daily Market Report - 2 July 2026
  • Wall Street closed lower as traders decided to unload tech stocks following yesterday’s uptrend within the tech segment.
  • Meanwhile, sentiment was also impacted by Fed chair Kevin Warsh’s statement that the inflation was too high thus saw the US 10-year yield higher at 4.481%.
  • The Hong Kong market was closed and will resume trading today.
  • To recap, the HSI is currently languishing below the 23,000 mark or a YTD low.
  • On the home front, the FBM KLCI ended lower amid an aggressive sell-down late in the session pushing the index down to around the 1,655 level or a YTD low.
  • Whether a Yen carry trade effect is unwinding remains to be seen as consensus has heightened expectations of more rate hikes by the BOJ following the Yen fresh low against the USD.
  • As such, we expect the index to hover within the 1,650-1,665 range today.
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Daily Market Report - 1 July 2026
Daily Market Report - 1 July 2026
  • Wall Street ended broadly higher led predominantly by tech stocks as overall sentiment was buoyed by the progression of a peace deal between the US and Iran.
  • Meanwhile, the US 10-year edged higher at 4.461%, attributed to a strong set of job data for May that may point to a rate hike later this year.
  • As for Hong Kong, the HSI declined to below the 23,000 level again as selling on tech stocks resurfaced.
  • Sentiment was also affected by the elevated US yields which points to a possible rate hike.
  • The HKEX is closed for public holiday today.
  • On the home front, the FBM KLCI dipped slightly but off the day’s low as bargain hunting activities were apparent late in the trading session.
  • As expected, trading remained muted and we expect this to persist with the index to gyrate between the 1,660-1,670 range today.
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Daily Market Report - 30 June 2026
Daily Market Report - 30 June 2026
  • Wall Street closed broadly higher as sentiment was boosted by the mutual freeze of military strikes between the US and Iran for now.
  • Debut by Alphabet on the DJIA further maintain buying interests on selective tech stocks.
  • Meanwhile, the US 10-year yield remained flat at 4.378%.
  • Over in Hong Kong, the HSI rebounded to above the 23,000 mark as bargain hunters emerged, snapping up tech stocks that were badly bruised of late.
  • Back home, the FBM KLCI pared earlier losses to close on a flat note possibly due to some late bargain hunting activities.
  • Nonetheless, we believe investors remained wary of the externalities, hence the low trading volume of only 2.7bn shares.
  • With no clear signs of the middles east tension easing, we anticipate another boring day on the local bourse with the index to trend between the 1,660-1,670 today.
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Daily Market Report - 29 June 2026
Daily Market Report - 29 June 2026
  • Wall Street ended lower last Friday as the tech sector may have encountered some trading fatigue after a massive sell-down in AI stocks last week.
  • Nonetheless, latest attacks between the US and Iran may further erode the fragile situation in the middle east. Already all 3 major index futures have reacted negatively.
  • Meanwhile, the US 10-year yield remained flat at 4.376%.
  • Over in Hong Kong, the HSI declined to below the 23,000 level or a YTD low.
  • Overall sentiment was further soured by the “free-fall” in AI stocks over in South Korea.
  • Back home, the FBM KLCI halted its 4-day decline to close just below the 1,670 mark.
  • Market undertone remains cautious in the absence of catalysts.
  • While we view current levels as solid opportunity to accumulate, we would advise investors to do it vigilantly.
  • Although laggards may be on the radar, we believe planters should stay in the buying list.
  • For today, we expect the index to hover within the 1,665-1,675 range.
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