Market Reports

Daily Market Report - 18 June 2026
Daily Market Report - 18 June 2026
  • Wall Street ended lower as sellers took control following Kevin Warsh’s first Fed meeting that many are expecting a rate hike this year.
  • As a result, the US 10-year yield jumped to 4.487%.
  • In Hong Kong, the HSI declined as traders sold ahead of the Fed’s rate decision later today.
  • On the home front, the FBM KLCI managed to recover its losses to close at a 2-week high at almost the 1,710 mark.
  • Although buying was broad based, focus was mainly centred on index linked laggards predominantly the telcos.
  • Encouraged by the positive sentiment in the middle east, we expect the index to maintain its uptrend and hover within the 1,705-1720 range today.
  • Meanwhile, Brent crude price has dipped to its lowest level since early-March at USD78/barrel.
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Daily Market Report - 16 June 2026
Daily Market Report - 16 June 2026
  • Wall Street extended its rally after Trump said that the US and Iran have reached an agreement to end the war.
  • As a result, crude oil prices declined with the Brent crude trending at around USD83/barrel currently while the US 10-year yield slid slightly to 4.473%.
  • Meanwhile, regional markets “lifted-of” following a possible resolution to the middle east crisis that will see the re-opening of the Strait of Hormuz and the lifting of the US blockade.
  • Nonetheless, we noticed that there remain some apprehension as most major indices closed off their respective day’s high.
  • Back home, the FBM KLCI ended just above the 1,690 mark but upside was suppressed by the sell-down on PChem (-15%).
  • Nonetheless, bargain hunting activities took centre stage as the daily volume surpassed the 5bn shares level.
  • Thus, we expect the index to maintain its climb and hover within the 1,690- 1,710 range today.
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Daily Market Report - 15 June 2026
Daily Market Report - 15 June 2026
  • Wall Street ended on a positive note bolstered by the solid debut from SpaceX in addition to the potential peace deal between the US and Iran.
  • As a result, crude oil prices retreated with the Brent crude down to around the USD88/barrel while the US 10-year yield inched slightly higher to 4.483%.
  • As for Hong Kong, the HSI staged a solid recovery at above the 24,500 level as SpaceX will be included into the Hang Seng HK-US Tech Index coupled with a possible ceasefire in the middle east.
  • Back home, the FBM KLCI also closed positively amid a muted session as overall sentiment remained rather cautious.
  • With the view of shifting liquidity to Hong Kong anchored by SpaceX, we believe trading activities within the region to stay quiet thus expect the index to trend between the 1,680-1,690 range today
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Daily Market Report -12 June 2026
Daily Market Report -12 June 2026
  • Wall Street staged a sharp rally boosted by tech stocks after Trump called off the scheduled strikes on Iran and said that a resolution will be signed over the few days.
  • As a result, crude oil prices dipped with the Brent crude now at USD90/barrel while the US 10-year yield eased to 4.459%.
  • Over in Hong Kong, the HSI slid to a YTD low, nearing the 24,000 level as selling pressure persisted.
  • Mounting fears in the middle east coupled with the leaking AI-related bubble had traders maintaining their risk-off mode.
  • Back home, the FBM KLCI gyrated within a narrow range to end flat. We noticed foreign funds have been net sellers over the past few days and is not
    relenting.
  • Nonetheless, we remain adamant that the local bourse is still well supported at prevailing levels. Buoyed by the sharp recovery on Wall Street, we
    anticipate the index to trend between the 1,675-1,695 range today.
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Daily Market Report - 11 June 2026
Daily Market Report - 11 June 2026
  • Wall Street closed sharply lower following Trump’s statement that Iran is taking long to negotiate and is threatening more action.
  • In addition, the sell-off on tech stocks continued. Meanwhile May’s CPI excluding food and energy came in lighter than expected but the
    headline figure, which include all prices, came in above 4% or a 3-year high. As such, the US 10-year yield edged higher at 4.554%.
  • As for Hong Kong, the HSI continues to decline as confidence remains suppressed by the persistent trashing of AI-related stocks coupled with the intensifying tension between the US and Iran over in the middle east.
  • On the home front, the FBM KLCI staged a minor recovery as it ended near the 1,680 mark in what has been a choppy week. As mentioned, we reckon the
    local bourse is rather well supported at prevailing levels thus may see some accumulation of stocks. As such, we expect the index to hover within the 1,675-1685 range today.
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