Market Reports

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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Daily Market Report - 17 December 2025
Daily Market Report - 17 December 2025
  • Wall Street finished mixed as investors continued to digest the latest employment figures.
  • The Dow Jones Industrial Average and S&P 500 Index each recorded three consecutive days of decline, falling 0.62% and 0.24% respectively.
  • The Nasdaq, however, edged 0.23% higher, supported by strong buying interest in Tesla, which gained 0.6%.
  • In Hong Kong, markets extended their downtrend amid concerns over slowing economic growth in China, with the HSI slipping 1.54% or 393 points.
  • As for the local bourse, the FBM KLCI closed higher, lifted by firm buying in blue-chip counters.
  • We reckon that a firm breakout above 1,650, backed by strong volume, would reinforce the bullish bias and set the stage for a move toward 1,670.
  • For today, we anticipate the benchmark index to trend within the 1,630–1,645 range.
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Daily Market Report - 16 December 2025
Daily Market Report - 16 December 2025
  • Wall Street finished lower as losses in the technology, oil & gas, and consumer services sectors weighed on sentiment, while investors grew increasingly cautious ahead of a data heavy week that could significantly alter expectations for interest rates and the 2026 growth outlook.
  • The Dow dipped more than 42 points, or 0.1%, while the S&P 500 fell 0.16% to close at 6,816.51.
  • The tech-heavy Nasdaq declined nearly 0.6% to 23,057.41.
  • In Hong Kong, the HSI finished in the red 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 sentiment continued to improve.
  • Nevertheless, we remain watchful of external risks, as sharp movements in global technology markets may continue to influence investor confidence.
  • On a positive note, 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 1,630–1,640 range today.
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Daily Market Report - 15 December 2025
Daily Market Report - 15 December 2025
  • Wall Street ended broadly lower as traders continue to rotate out of tech related stocks and into stocks with better value proposition as many view this as value outperforming growth day.
  • Meanwhile, the US 10-year yield edged higher at 4.186%, which is almost at the pre rate cut level.
  • Over in Hong Kong, the HSI surged to almost the 26,000 mark underscored by Beijing’s stance to boost domestic demand to buffer any external headwinds.
  • According to UBS, Hong Kong to maintain its global status as a premier fund raising venue with 150-200 IPOs in 2026.
  • On the home front, the FBM KLCI surprisingly maintained its impressive uptrend to close at around the 1,640 level.
  • We believe local institutions have been net buyers possibly amid some window dressing activities.
  • As advocated, we see the MYR currently hovering at 4.09 vs the USD as a catalyst hence expect the index to trend within the 1,630-1,645 range today.
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