Market Reports

Daily Market Report - 4 February 2026
Daily Market Report - 4 February 2026
  • Wall Street ended lower, weighed down by heavy selling in technology stocks amid lingering concerns over the profitability of the AI boom and whether elevated capital spending can be justified.
  • The Dow Jones Industrial Average fell 0.34% to 49,240.99, while the S&P 500 declined 0.84% to 6,971.81.
  • The tech-heavy Nasdaq slid 1.43% to 23,255.19.
  • Hong Kong equities ended mostly higher as financial stocks outperformed, boosting market sentiment.
  • However, tech giants came under pressure on speculation that Chinese regulators could revise value-added tax arrangements for the internet sector.
  • Domestically, the FBM KLCI finished higher as blue chips continue to see healthy accumulation amid steady buying interest and rising confidence.
  • We reckon any near-term consolidation following the recent advance is expected to be temporary, with overall sentiment staying positive, hence anticipate the FBM KLCI to trend with the range of 1,740-1,760 for today.
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Daily Market Report - 3 February 2026
Daily Market Report - 3 February 2026
  • Wall Street rebounded as bargain hunting activities emerged following previous week’s sharp selloff.
  • The DJIA surged 1.05% to 49,407.66. S&P500 rose 0.54% to 6,976.64 while Nasdaq climbed 0.56$ to 23,592.11.
  • In Hong Kong, the HSI continues to finish lower 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 buying on banking heavyweights resumed.
  • Nevertheless, the benchmark index remains in a healthy uptrend, while intermittent profit-taking may continue after the strong rally.
  • 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 1,730–1,750 range today.
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Daily Market Report - 30 January 2026
Daily Market Report - 30 January 2026
  • Wall Street ended mixed as selling on tech stocks took centre stage after Microsoft’s below expectations earnings and soft guidance on its outlook going forward.
  • Meanwhile, the US 10-year yield dipped slightly to 4.233%.
  • As for Hong Kong, the HSI continued with its ascension, briefly overtaking the 28,000 level before settling slightly below this threshold.
  • Buying was broad-based as sentiment was buoyed by the inflows of both foreign and domestic funds in addition to some easing measures within the Chinese property market.
  • On the home front, the FBM KLCI declined further to around the 1,730 mark.
  • We note the selling may be a bit overdone exacerbated by concerns from the sell-down in Indonesia regarding free floats amongst the listed companies.
  • Nonetheless, Bursa Malaysia has maintained that our free float is still within the set parameters and has no systemic risks with MSCI requirements.
  • Therefore, we expect a rebound soon with the index to hover within the 1,730-1,750 range today.
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Daily Market Report - 29 January 2026
Daily Market Report - 29 January 2026
  • It was another mixed session on Wall Street after the Federal Reserve left interest rates unchanged citing improving economic resilience while unemployment has stabilized somewhat.
  • As such, all 3 major indices closed off the day’s high while the US 10-year yield inched marginally higher at 4.247%.
  • Over in Hong Kong, the HSI closed broadly higher to almost the 28,000 level as liquidity continues to build up from the influx of foreign funds that are rotating out of US equities.
  • Back home, the FBM KLCI ended lower amid some profit taking activities.
  • We view this as a healthy correction following a strong run-up since the beginning of the year.
  • Nonetheless, we hope that a rebound will not be procrastinated as this may erode the prevailing market vitality.
  • Meanwhile, it is widely expected foreign funds that exited Indonesia recently due to a potential downgrade by MSCI, may look at Malaysia as a perfect alternative.
  • Hence, we expect the index to trend between the 1,750-1,770 range today.
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Daily Market Report - 28 January 2026
Daily Market Report - 28 January 2026
  • Wall Street ended on a mixed note ahead of the new earnings season and also the Federal Reserve’s first rate decision of which many are expecting it to be unchanged.
  • Meanwhile, the US 10-year yield inched marginally higher at 4.243%.
  • As for Hong Kong, the HSI extended its uptrend to above the 27,000 mark or around a 3-month high, underpinned by China’s industrial profit data that is showing positive momentum.
  • On the home front, the FBM KLCI maintained its impressive uptrend by surging past the 1,770 barrier.
  • YTD, the benchmark index has gained about 100 points and may smash our 2026 target @ 1,810 rather easily judging by the prevailing buying momentum which has been dominated by foreign fund inflows.
  • As such for today, we anticipate the index to hover within the 1,770-1,785 range.
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