Market Reports

Daily Market Report - 21 July 2026
Daily Market Report - 21 July 2026
  • Wall Street closed negatively despite a strong opening as the tension between the US and Iran continues to weigh on sentiment. In addition, crude oil prices advanced with the Brent crude hitting almost USD90/barrel.
  • As a result, the US 10-year yield edged higher at 4.594%.
  • Over in Hong Kong, the HSI staged a massive rally to close above the 25,000 mark as investors rotated out of global semiconductor stocks into Chinese tech giants amid strong expectations of Beijing stimulus package and China Securities Regulatory Commission (CSRC) pledge to support the capital market.
  • On the home front, the FBM KLCI ended lower, attributed to profit taking activities following a decent run over the last few days. We noticed the selling had been prominent amongst the banks. Nonetheless, we believe funds will return to snap up local shares as the rotational play is still ongoing. For today, we
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Daily Market Report
Daily Market Report
  • Wall Street close broadly lower triggered by another round of sell-down in semiconductor and AI related stocks, further exacerbated by the jump in crude oil price due to escalation in tension between the US and Iran. The Brent crude ended at around USD89/barrel level. Meanwhile, the US 10-year yield dropped slightly to 4.551%.
  • The sell-down in technology related stocks had spread across the Asia region as both the South Korean and Taiwan markets declined by more than 6%. As a result, the HSI dipped to a 1-month low at below the 25,000 mark.
  • Back home, the FBM KLCI was the contrarian performer to end higher, surpassing the 1,730 thresholds.
  • Buying on the local bourse was broad based as we suspect foreign funds are rotating out from their tech related portfolio to more traditional sectors, namely Banking, Consumer and Plantation. For today, we expect the index to possibly trend within the 1,725-1,740 range.
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Daily Market Report - 17 July 2026
Daily Market Report - 17 July 2026
  • Wall Street ended broadly lower, predominantly led by the sell-off in technology stocks.
  • Traders also ignored a raft of solid earnings as most preferred to lock in profits after an uptrend the previous day.
  • In addition, the latest economic data also shows that the US consumer segment is holding up rather well. Meanwhile, the US 10 year yield remained flat at 4.557%.
  • As for Hong Kong equities, the HSI closed higher to finally surpassed the 25,000 mark as the rotation out of South Korea and into Hong Kong tech giants continues.
  • On the home front, the FBM KLCI regained its uptrend to end above the 1,720 level after a brief correction the day before.
  • We noticed foreign funds are back to collect on domestic stocks, but overall trading activities remained rather muted.
  • Nonetheless, we expect the index to trend between the 1,715-1,730 range today.
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Daily Market Report - 16 July 2026
Daily Market Report - 16 July 2026
  • Wall Street ended on a positive note as many perceived that the US inflation may be cooling down as the latest producer price index (PPI) for June came in lower than expected after a lower CPI figure the day before.
  • As a result, the US 10-year yield dipped to 4.551%.
  • Meanwhile, traders are also switching within the tech segment from semiconductor stocks to big tech names namely Alphabet, Amazon, Apple and Microsoft.
  • Over in Hong Kong, the HSI closed positively to around the 24,700 level or a 1-month high despite China’s lower than expected 2Q GDP growth, instead market participants prefer to focus on the cooling US inflation data for June.
  • Back home, the FBM KLCI failed to sustain its previous day’s impressive performance to end lower mainly due to some profit taking activities by the foreign funds.
  • Hence for today, we anticipate the index to hover within the 1,710-1.720 range.
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Daily Market Report - 14 July 2026
Daily Market Report - 14 July 2026
  • Wall Street fell as tension between the US and Iran escalates with Trump declared a blockade on the Strait of Hormuz.
  • As a result, crude oil prices spiked with the Brent crude jumping to USD83/barrel.
  • Meanwhile, the US 10-year yield also ended higher at 4.634%.
  • Over in Hong Kong, the HSI ended on a flattish note as trading was muted dragged mainly by the increased tension in the middle east and spike in crude oil prices.
  • Meanwhile, ongoing defensive rotation out of AI stocks are also holding back overall trading activities.
  • On the home front, the FBM KLCI maintained its climb to nearly the 1,700 mark as bargain activities continue especially on plantation related stocks.
  • We also noticed a trickling of foreign funds back into the local bourse of late thus we expect the index to trend between the 1,690-1,705 range today.
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