Market Reports

Daily Market Report - 6 July 2026
Daily Market Report - 6 July 2026
  • Wall Street was closed last Friday. Nonetheless, its futures indices are all pointing upwards as expectationsof a rate hike has diminished following a weaker than expected job data for May.
  • Over in Hong Kong, the HSI ended broadly higher as traders reacted positively on the weak US job data that also saw the badly bashed tech stocks ended positively as well.
  • Back home, the FBM KLCI trended higher to almost the 1,680 mark as foreign
    funds may have returned amid some bargain hunting activities. Notwithstanding this, overall trading stayed muted as reflected by the low daily volume. Looking at the interest rate environment which has turned more
    conducive now, may have traders back to the risk-on mode hence expect the index to hover between the 1,675- 1,695 range today.
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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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