Market Reports

Daily Market Report - 19 January 2026
Daily Market Report - 19 January 2026
  • Wall Street closed marginally lower as the ongoing geopolitical tension coupled with the criminal proceedings against Jerome Powell continue to weigh on sentiment.
  • Meanwhile, the US 10-year yield edged higher at 4.227%.
  • Over in Hong Kong, the HSI dipped marginally as traders decided to lock in some profits following a decent run-up in previous sessions.
  • This came after TSMC reported strong earnings that further bolstered confidence of AI related durability.
  • Back home, the FBM KLCI ended lower but off the day’s low amid some intermittent profit taking activities.
  • Nonetheless, we still see some bargain hunting activities at current levels and expect the index to continue with its ascension.
  • Therefore, we anticipate the index to stage a rebound and trend within the 1,710-1,725 range today.
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Daily Market Report - 16 January 2026
Daily Market Report - 16 January 2026
  • Wall Street rebounded to close broadly firmer as sentiment improved on AI related stocks coupled with solid results from the banking sector, spurring the uptrend from both segments.
  • Meanwhile, the US 10 year yield jumped to 4.173% following the latest jobless claims that is pointing to an improving labour market.
  • Over in Hong Kong, the HSI took a breather to end marginally lower amid some intermittent profit taking activities after a solid 4-day run up.
  • Many are expecting a minor correction at current levels before the index resumes with its uptrend.
  • Back home, the FBM KLCI maintained with its impressive performance to close positively following a weak early session.
  • We believe foreign funds are continuing with their stock accumulation as we noticed there were net foreign inflows over the previous few sessions.
  • As such, we anticipate the index to hover within the 1,710-1,720 range today.
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Daily Market Report - 15 January 2026
Daily Market Report - 15 January 2026
  • Wall Street ended lower in a choppy session as traders remain cautious amid Trump’s induced multiple headwinds.
  • Although all 3 major indices managed to close off the day’s low, the sell-down on tech stocks was apparently more drastic following China’s latest ban on Nvidia’s H200 chips.
  • Meanwhile, the US 10-year yield dipped to 4.138%.
  • As for Hong Kong, the HSI maintained its climb predominantly supported by foreign buying whom are looking to diversify away from US assets amid the Powell/Trump spat and the geopolitical tension between the US and Iran.
  • Many global managers are looking at Chinese stocks as an important alternative.
  • Back home, the FBM KLCI managed to stay afloat to close on a 7-year high.
  • We believe foreign buying remains evident and expect this to persist.
  • As such, we expect the index to trend within the 1,705-1,715 range today.
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Daily Market Report - 14 January 2026
Daily Market Report - 14 January 2026
  • Wall Street closed lower as sentiment was affected by the heightening uncertainty over Trump’s recent proposals on credit card rate for 1 year in addition to the criminal proceedings against the Federal Reserve’s Jerome Powell.
  • Meanwhile, the US 10-year inched higher at 4.175%.
  • Over in Hong Kong, the HSI continues to climb higher supported by foreign buying in line with the ongoing flight of foreign funds back to Asia.
  • Additionally, the strengthening Chinese Yuan further boosted sentiment.
  • On the home front, the FBM KLCI surged past the 1,700 mark with ease underpinned by the emergence of foreign buying.
  • We believe stock accumulation on blue chips to continue for the time being thereafter we may experience heightening participation in the smaller caps space.
  • For today, we expect the index to hover within the 1,705-1,720 range.
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Daily Market Report - 13 January 2026
Daily Market Report - 13 January 2026
  • Wall Street ended positively after a slow opening as traders preferred to ignore Trump’s criminal probe on Fed chair Jerome Powell coupled with his call to cap credit card rate at 10% for 1 year.
  • While the criminal probe will have long term impact on the Fed’s independence, the 10% cap will certainly have adverse impacts on the banks’ earnings moving forward.
  • In view of these developments, the US 10-year yield ticked higher at 4.185%.
  • Over in Hong Kong, the HSI rebounded above the 26,500 thresholds spearheaded by tech and healthcare stocks.
  • Overall sentiment has been buoyed by the record breaking trading volume over in Mainland China.
  • Back home, the FBM KLCI maintained its outstanding performance to close just below the 1,700 level and this can be attributed to the foreign funds that have been net buyers albeit sporadically.
  • Nonetheless, we believe the flight of foreign funds to continue, hence expect the index to trend between the 1,690-1,710 range today.
  • Meanwhile, reports of Sunway taking over IJM Corp is also positive for the construction sector as this may kick-start more M&As going forward.
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