Market Reports

Daily Market Report - 5 January 2026
Daily Market Report - 5 January 2026
  • It was a mixed first day for 2026 on Wall Street as the selling on tech-related stocks continues.
  • As a result, the Nasdaq closed in negative territory while both the S&P 500 and DJIA ended in positive mode.
  • Meanwhile, the US 10-year yield inched higher at 4.195%.
  • In a latest development, Trump declared that the US has captured Venezuela’s president and it will be interesting to see the market’s reaction.
  • As for Hong Kong, the HSI ushered in 2026 with vigour as the index surged past the 26,000 level with ease.
  • Sentiment was buoyed by optimism that both China and Hong Kong will record economic growth from more easing policies.
  • Back home, the FBM KLCI declined amid some profit taking activities following a solid run-up in December 2025.
  • We believe the local bourse may be taking a breather before realigning itself for a possible CNY rally as market liquidity builds up.
  • For today, we expect the index to trend between the 1,650 1,670 range.
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Daily Market Report - 2 January 2026
Daily Market Report - 2 January 2026
  • Wall Street closed 2025 on a low as profit taking activities persisted rendering a Santa Claus rally an illusion for now.
  • Nonetheless, many experts remain positive on the US’ stockmarket despite the numerous headwinds.
  • Meanwhile, the US 10-year yield inched higher at 4.163% as inflation remains a sticky proposition.
  • Over in Hong Kong, the HSI ended 2025 lower but gained 28% in 2025 making it the strongest performer within the region.
  • Looking ahead, traders are still positive on Chinese stocks amid some volatility.
  • On the home front, the FBM KLCI closed the year lower but maintained above the 1,680 mark or a 2.3% gain YTD.
  • Most interestingly, the buying support by local institutions has been instrumental in propping up the index despite the net foreign outflows in excess of RM20bn.
  • As such, we believe the local bourse is poised for more upside as the rebalancing of foreign funds is still ongoing.
  • For today, we expect the index to hover within the 1,675-1,690 range.
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Daily Market Report - 31 December 2025
Daily Market Report - 31 December 2025
  • Wall Street ended lower as the selling on tech related stocks continues.
  • Sentiment was also affected by the latest meeting minutes from the Feds that there was a tight split in December’s rate cut.
  • Meanwhile there was little change in the US 10-year yield that stayed at 4.126%.
  • Over in Hong Kong, the HSI closed higher as traders are gearing up for more clarity in 2026.
  • Meanwhile, the Chinese Yuan surged to a 30-month high at 6.99 against the USD.
  • Back home, the FBM KLCI continues to surprise as it ended on a multi-year high spurred by persistent stock accumulation by local institutions.
  • Despite the constant net foreign outflows, market undertone remains steadfast.
  • However, retail participation has been weak as depicted by the low daily volume, but we believe this may improve overtime once the market liquidity improves within the bigger caps space.
  • For today, we anticipate the index to trend within the 1,680 1,690 range.
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Daily Market Report - 30 December 2025
Daily Market Report - 30 December 2025
  • Wall Street ended on a weak note as selling prevailed amongst AI-related stocks.
  • Sentiment was cautious amid a muted session due to the lack of new economic indicators with some funds shifting to the bonds thus pushing the US 10-year yield slightly lower at 4.112%.
  • Over in Hong Kong, the HSI pared early gains as the index ended in negative territory after a report showed that Chinese industrial companies posted a bigger earnings decline.
  • Furthermore, traders remain side-lined in another shortened trading week.
  • On the home front, the FBM KLCI closed positively or a YTD high due to late buying activities.
  • Market undertone remains solid as the index is poised to close 2025 on a positive note following a dreadful 1H2025.
  • With the 1,700 now within a touching distance, we are hopeful that this enigmatic level to be broken anytime soon.
  • For today, we expect the index to hover within the 1,675-1,685 range.
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Daily Market Report - 29 December 2025
Daily Market Report - 29 December 2025
  • Wall Street ended flat as traders were mostly side-lined.
  • Notably, there were some buying activities on financials and industrials.
  • Meanwhile, the US 10-year yield was also flat at 4.13%.
  • Hong Kong market was closed and will resume trading today.
  • On the home front, the FBM KLCI ended marginally lower amid a lacklustre session as market participants were in a holiday mood.
  • As a result, daily market volume slumped to 1.6bn shares valued at RM1.3bn.
  • Nonetheless, we view this as an intermittent correction after the index has added almost 28 points over the last 5 trading days.
  • For today, we expect trading to remain muted but will be well supported thus expect the index to trend within the 1,670-1,685 range today.
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