Market Reports

Daily Market Report - 27 November 2025
Daily Market Report - 27 November 2025
  • Wall Street finished higher, allowing the major averages to log their fourth straight day of gains ahead of the Thanksgiving holiday.
  • Gains were bolstered by artificial intelligence leaders such as Oracle, Nvidia, and Microsoft.
  • The Dow gained 0.67% to 47,427.12, while the S&P 500 added almost 0.7% to 6,812.61.
  • The Nasdaq surged 0.82% to 23,214.69.
  • Hong Kong stocks continued to trend higher, buoyed by gains in tech shares.
  • The HSI finished 0.13% higher at 25,928.08.
  • On the domestic front, the FBM KLCI extended its positive momentum yesterday, gaining over 12 points on the back of consistent market participation.
  • The sustained trading interest indicates that confidence is progressively returning to the local market.
  • Strength in sectors tied to consumer spending, services, and industrial activity continues to reinforce the view that domestic fundamentals are improving.
  • For today, we project the FBM KLCI to move within the 1,620–1,635 range.
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Daily Market Report - 26 November 2025
Daily Market Report - 26 November 2025
  • Wall Street notched a three-day winning streak, driven by rising expectations of a December rate cut, with the Dow up over 650 points during the rally.
  • Overnight, the Dow surged over 1.4% to 47,112.45, the S&P 500 climbed 0.9% to 6,765.88.
  • The Nasdaq gained 0.67% to 23,025.59.
  • Hong Kong stocks continue to trend higher as rising bets on US interest rate cuts and a friendlier tone between the US and China cheered investors.
  • The Hang Seng Index (HSI) climbed almost 0.7% to 25,894.55.
  • Back home, the FBM KLCI closed lower due to profit takings on consumer and telco stocks and buying interest have shifted to smaller cap stocks.
  • Nonetheless, we believe bargain hunting activities may set in due to prevailing low valuations.
  • Importantly, the steady rise in market volume is a constructive sign, indicating that investor interest remains firm despite the current consolidation phase.
  • As such we foresee the benchmark index to trade within the 1,610–1,625 range today.
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Daily Market Report - 25 November 2025
Daily Market Report - 25 November 2025
  • Wall Street staged a rally with strong buy on tech stocks with strong gains on Alphabet as investors grew optimistic about the company’s standing in the AI race.
  • The Dow climbed 0.44% to 46,448.7, the S&P 500 surged 1.55% to 6,705.12.
  • The Nasdaq jumped 2.69% to 22,872.01.
  • Over to Hong Kong, stocks finished higher following the improving sentiment across the region.
  • As a result, the Hang Seng Index (HSI) climbed almost 2% to 25,716.50.
  • Back home, the FBM KLCI closed marginally higher due to late buying on selected heavyweights such as banks and telcos while at the same time market turnover rose to 5.8bn shares value at RM5.2bn.
  • We expect buying on blue chips to continue and anticipate the benchmark index to trade within the 1,615–1,625 range today.
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Daily Market Report - 24 November 2025
Daily Market Report - 24 November 2025
  • Wall Street finished higher as investors engaged in bargain hunting following several days of sell-off.
  • The Dow climbed 1.08% to 46,245.41, while the S&P 500 added about 1% to 6,602.99.
  • The Nasdaq gained 0.88% to 22,273.08.
  • The Hong Kong market, however, finished lower due to regional weakness stemming from concerns over highly valued U.S. tech stocks, while rising geopolitical tensions between China and Japan further weighed on sentiment across East Asia.
  • As a result, the Hang Seng Index (HSI) plunged 2.38% to 25,220.02.
  • Back home, the FBM KLCI remained rangebound as investors stayed cautious amid ongoing developments in the macro environment.
  • We remain watchful of these external risks, as sharp movements in global tech markets continue to influence investor confidence.
  • Even so, the broader market is showing encouraging strength, supported by strong trading volume over the past several sessions, indicating that investors are gradually returning to the local market.
  • We expect bargain-hunting activities to emerge and anticipate the benchmark index to trade within the 1,615–1,625 range today.
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Daily Market Report - 21 November 2025
Daily Market Report - 21 November 2025
  • Wall Street tumbled as concerns over the lofty AI-related valuations returned.
  • Sentiment was further weakened by the better than expected job data for September, hence the less likelihood that the Fed will cut rate next month.
  • Meanwhile, the US 10-year yield eased to 4.086%.
  • Over in Hong Kong, the HSI ended on a flat note as traders decided to lock in profits during the afternoon session, after a strong opening attributed to Nvidia’s strong 3Q earnings and guidance allaying concerns of an inflated AI bubble.
  • Back home, the FBM KLCI succumbed to late selling activities as the index declined to just below the 1,620 level.
  • We suspect foreign funds being the net sellers judging by the aggressive sell-down late in the session.
  • Nonetheless, we are advocating for stock accumulation at current levels as funds may be looking ahead at 2026 figures for the latest revised valuation.
  • As such, we expect the index to trend between the 1,620-1,630 range today.
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