Market Reports

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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Daily Market Report - 12 January 2026
Daily Market Report - 12 January 2026
  • Wall Street closed broadly higher with both the DJIA and S&P 500 at record highs again.
  • Sentiment was buoyed by the positive job data that showed unemployment rate trickled down to 4.4% from 4.6% previously.
  • However, jobs added were lower at 50,000 vs the 73,000 forecasts.
  • Meanwhile, the US 10-year yield was flat at 4.167%.
  • As for Hong Kong, the HSI ended mildly positive as inflation (ex-food & energy) in China was flat for December.
  • Though China avoided a deflation in 2025, investors preferred to stay side-lined for now.
  • Back home, the FBM KLCI flew past the 1,680 level underpinned by solid late buying activities.
  • We suspect there may be some foreign buying interests last Friday and if this is sustained, we expect the index to break the 1,700 level anytime soon.
  • For today, we anticipate the index to trend between the 1,680-1,695 range.
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Daily Market Report - 9 January 2026
Daily Market Report - 9 January 2026
  • It was another mixed day on Wall Street as traders rotated out of tech stocks and broadened out into other segments.
  • As such, whilst both the DJIA and S&P 500 stayed above water, the Nasdaq ended lower.
  • Meanwhile, the US 10-year yield edged higher at 4.167%.
  • As for Hong Kong, the HSI declined further on protracted selling activities as investors are bracing for the release of China’s economic data coupled with the heightening geopolitical tension.
  • On the home front, the FBM KLCI slid to just below the 1,670 level despite some net inflow of foreign funds of late.
  • Trading is still very much centered on blue chips as retailers remained side lined.
  • For today, we expect the index to hover within the 1,665-1,675 range.
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Daily Market Report - 8 January 2026
Daily Market Report - 8 January 2026
  • Wall Street closed mixed as traders decided to lock in profits following a record-breaking run.
  • As a result, both the DJIA and S&P500 ended lower weighed by the decline in financial and energy stocks.
  • Meanwhile, the US 10-year yield slid lower at 4.15% amid a weak job data.
  • Over in Hong Kong, the HSI stumbled amid some profit taking activities as traders turned cautious on the escalating tension between China and Japan.
  • In a latest development, China has tightened its exports of dual use items which have both military and civilian applications.
  • Back home, the FBM KLCI finished above water after a weak start, illustrating that local buying support remains very much intact.
  • Nonetheless, we are still hopeful that foreign funds will turn net buyers anytime soon after a net foreign outflow of more than RM22bn last year.
  • Trading is still very much blue chip centric as bulk of the retail segment is still side-lined.
  • For today, we anticipate the index to trend within the 1,670 1,680 range.
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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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