Market Reports

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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Daily Market Report - 26 December 2025
Daily Market Report - 26 December 2025
  • Wall Street staged a mini Santa Claus rally to close stronger with the DJIA setting another record high as traders preferred to ignore the recent better than expected 3Q GDP growth that could dampen rate cuts.
  • Meanwhile, the US 10-year yield eased marginally lower at 4.135%.
  • Over in Hong Kong, the HSI ended flat in a shortened trading session as traders remain side-lined ahead of the long break.
  • On the home front, the FBM KLCI struggled throughout the day to stay afloat but managed to close on a positive note.
  • We believe the buying has been done predominantly by the local institutions.
  • Although the environment is also conducive for foreign funds, many are still avoiding the local bourse for now.
  • For today, we expect the index to trend between the 1,670-1,680 range while the MYR is hovering around the 4.04 vs the USD at the moment.
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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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