Market Reports

Daily Market Report - 17 December 2025
Daily Market Report - 17 December 2025
  • Wall Street finished mixed as investors continued to digest the latest employment figures.
  • The Dow Jones Industrial Average and S&P 500 Index each recorded three consecutive days of decline, falling 0.62% and 0.24% respectively.
  • The Nasdaq, however, edged 0.23% higher, supported by strong buying interest in Tesla, which gained 0.6%.
  • In Hong Kong, markets extended their downtrend amid concerns over slowing economic growth in China, with the HSI slipping 1.54% or 393 points.
  • As for the local bourse, the FBM KLCI closed higher, lifted by firm buying in blue-chip counters.
  • We reckon that a firm breakout above 1,650, backed by strong volume, would reinforce the bullish bias and set the stage for a move toward 1,670.
  • For today, we anticipate the benchmark index to trend within the 1,630–1,645 range.
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Daily Market Report - 16 December 2025
Daily Market Report - 16 December 2025
  • Wall Street finished lower as losses in the technology, oil & gas, and consumer services sectors weighed on sentiment, while investors grew increasingly cautious ahead of a data heavy week that could significantly alter expectations for interest rates and the 2026 growth outlook.
  • The Dow dipped more than 42 points, or 0.1%, while the S&P 500 fell 0.16% to close at 6,816.51.
  • The tech-heavy Nasdaq declined nearly 0.6% to 23,057.41.
  • In Hong Kong, the HSI finished in the red as growing concerns over stretched technology valuations and aggressive AI-related investment continued to weigh on sentiment.
  • As for the local bourse, the FBM KLCI edged higher as sentiment continued to improve.
  • Nevertheless, we remain watchful of external risks, as sharp movements in global technology markets may continue to influence investor confidence.
  • On a positive note, the strengthening of the ringgit (MYR) is expected to provide support to the local market.
  • As such, we anticipate the FBM KLCI to continue oscillating within the 1,630–1,640 range today.
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Daily Market Report - 15 December 2025
Daily Market Report - 15 December 2025
  • Wall Street ended broadly lower as traders continue to rotate out of tech related stocks and into stocks with better value proposition as many view this as value outperforming growth day.
  • Meanwhile, the US 10-year yield edged higher at 4.186%, which is almost at the pre rate cut level.
  • Over in Hong Kong, the HSI surged to almost the 26,000 mark underscored by Beijing’s stance to boost domestic demand to buffer any external headwinds.
  • According to UBS, Hong Kong to maintain its global status as a premier fund raising venue with 150-200 IPOs in 2026.
  • On the home front, the FBM KLCI surprisingly maintained its impressive uptrend to close at around the 1,640 level.
  • We believe local institutions have been net buyers possibly amid some window dressing activities.
  • As advocated, we see the MYR currently hovering at 4.09 vs the USD as a catalyst hence expect the index to trend within the 1,630-1,645 range today.
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Daily Market Report - 12 December 2025
Daily Market Report - 12 December 2025
  • Wall Street closed mixed as traders are rotating out from AI stocks and into the broader market after disappointing results from Oracle.
  • In view of the recent rate cut, many are looking at the smaller cap companies to benefit from lower borrowing costs and play a role in the so-called Santa Rally.
  • Meanwhile, the US 10-year yield stayed flat at 4.153%.
  • Over in Hong Kong, it was a brief encounter between traders and the Fed’s rate cut as the index subsequently weakened to end up flat.
  • Focus is now shifted on China’s economic conference and the purported easing policy to boost domestic demand especially on the property market.
  • Back home, the FBM KLCI surged to the 1,625 mark or a 5-day high, underpinned by solid buying throughout yesterday’s session.
  • We are hopeful these may be a mixture of both local institutions and foreign funds.
  • As such, we expect the index to trend within the 1,620- 1,630 range today.
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Daily Market Report - 11 December 2025
Daily Market Report - 11 December 2025
  • Wall street rebounded as the Federal Reserve decides to cut rate by 25bps.
  • Sentiment was also boosted by Fed chair Jerome Powell ruling out any rate hike in the foreseeable future as labour market remains weak.
  • Consensus is hopeful that there may be 2-3 more rate cuts in 2026 while the US 10-year yield has eased to 4.155%.
  • As for Hong Kong equities, the HSI rebounded to above the 25,500 level as sentiment was bolstered by Beijing’s stimulus policy to shore up the property and the broader economy.
  • Speculation that Beijing may subsidize homebuyers’ loans to ease repayment burden further buoyed property stocks.
  • Back home, the FBM KLCI closed lower at just above the 1,610 mark but off day’s low due to some late buying activities.
  • Nonetheless, we noticed there is still a lack of conviction from investors in the absence of fresh catalysts.
  • As such, we expect the index to hover within the 1,610-1,620 range today.
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