Market Reports

Daily Market Report - 24 December 2025
Daily Market Report - 24 December 2025
  • Wall Street ended firmer as AI-related stocks are back in the radar while traders are betting that the Federal Reserve will continue to lower interest rates in 2026.
  • This is despite the better than expected GDP growth for 3Q of 4.3% vs the consensus of 3.2%.
  • Meanwhile, the US 10-year yield remains flat at 4.167%.
  • Over in Hong Kong, the HSI reversed earlier gains to end marginally lower as traders locked in profits ahead of an extended break over the weekend.
  • The Hong Kong market will resume trading on Monday (29th Dec).
  • Back home, the FBM KLCI closed higher attributed to late stock accumulation presumably by local institutions.
  • We believe market undertone to remain sturdy ahead of the Christmas break as foreign funds may be looking at domestic stocks as an avenue for their portfolio rebalancing.
  • Meanwhile, the MYR has strengthened to 4.06 against the USD hence expect the index to hover within the 1,670-1,685 today.
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Daily Market Report - 23 December 2025
Daily Market Report - 23 December 2025
  • Wall Street ended higher supported by AI-related trades.
  • Nonetheless, overall sentiment remains cautious as funds are also rotating to cheaper alternatives amid the lofty valuations within the tech sector.
  • Meanwhile, the US 10-year yield edged higher at 4.165% on a shortened trading week.
  • Over in Hong Kong, the HSI closed firmer as traders are confident that Asian market will end 2025 on a high.
  • As funds are de-risking from Wall Street, many are finding their way into Asia underscored by better fundamentals and valuations.
  • On the home front, the FBM KLCI maintained its solid performance underpinned by solid late buying activities.
  • The benchmark index has added 30 points over the last 5 trading days, and we believe it is poised to test the 1,700 level amid some intermittent corrections.
  • As such, we expect the index to hover between the 1,665-1,680 range today.
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Daily Market Report - 22 December 2025
Daily Market Report - 22 December 2025
  • Wall Street maintained its uptrend on bargain hunting activities as confidence returned to AI-related stocks following the drastic sell-down recently.
  • However, sentiment remains cautious on the scale of investments and the debt levels of the hyperscalers.
  • Meanwhile, the US 10-year yield inched higher at 4.149%.
  • Over in Hong Kong, the HSI closed higher at almost the 26,000 mark as confidence improved on the US cooling inflation for more monetary easing going forward.
  • Back home, the FBM KLCI surged past our target for 2025 @ 1,650 with ease.
  • We suspect foreign funds are now net buyers as the reallocation of funds continues.
  • As such, we believe there are high possibilities that the index may actually test the enigmatic 1,700 anytime soon.
  • For today, we expect the index to trend between the 1,650-1,665 range underpinned by the strengthening MYR.
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Daily Market Report - 19 December 2025
Daily Market Report - 19 December 2025
  • Wall Street closed firmer as November’s CPI figure came in lower than expected thus brightening prospects of more rate cuts ahead.
  • Alongside with recent weak job data, many foresee the Fed will continue with their easing policy.
  • Meanwhile, the US 10-year yield eased to 4.124%.
  • As for Hong Kong equities, the HSI ended flat despite some late buying activities as sentiment remains very much in tune to the lofty valuations of tech related stocks following the rout on Nasdaq overnight.
  • Back home, the FBM KLCI closed firmer as stock accumulation remained evident during the afternoon session.
  • We believe there may be some inflows of foreign funds in view of the strengthening MYR that is trending around 4.08 vs the USD currently.
  • As such, we expect the index to hover within the 1,645-1,660 range today. 
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Daily Market Report - 18 December 2025
Daily Market Report - 18 December 2025
  • Wall Street ended broadly lower as traders continue to rotate out of AI-related stocks sparked by report that Oracle primary investor pulled out of its USD10bn data centre project in Michigan.
  • Although this has been refuted by Oracle, the selling spread across to other mega tech stocks as well.
  • Meanwhile, the US 10-year yield remained flat at 4.153%.
  • Over in Hong Kong, the HSI rebounded following a late session rally as traders reassess the easing monetary policy after a mixed job data reading from the US.
  • On the home front, the FBM KLCI retreated after a robust show over the past few days.
  • In fact, the index has already attained our 2025 target circa. 1,650 and we believe the index will continue to surpass expectations as we usher in 2026.
  • Therefore, we expect the index to hover within the 1,640-1,650 range today.
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