Market Reports

Daily Market Report - 3 October 2025
Daily Market Report - 3 October 2025
  • Wall Street ended positively as traders opted to ignore the shutdown as all 3 major indices recorded new all time highs. While the US is faced with economic data blackout, the US 10-year yield dipped slightly to 4.085%.
  • Over in Hong Kong, the HSI closed above the 27,000 mark spearheaded by renewed optimism on the domestic AI narratives plus signs of stabilization within the property sector.
  • Back home, it was indeed another pleasant surprise to witness the FBM KLCI easing past the 1,630 level.
  • We believe this can be attributed to the inflows of foreign funds back to the local bourse.
  • It was also heartening to note that daily trading volume has surged above the 4bn shares threshold.
  • If this holds, we are in for an exciting ride over the next 3 months. F
  • or today, we anticipate the index to hover within the 1,635 – 1,650 range.
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Daily Market Report - 2 October 2025
Daily Market Report - 2 October 2025
  • Wall Street closed higher as traders largely ignored the government shutdown and hoped that it would not last long.
  • Although September’s job data will be delayed amid the shutdown, many are looking at the figures from processing firm ADP that showed a drop in private payrolls, indicating that the Fed’s rate cut inevitable hence the decline in the US 10-year yield to 4.10%.
  • Hong Kong market was closed for National Holiday yesterday.
  • On the home front, the FBM KLCI surprisingly staged an impressive performance to end just above the 1,620 level.
  • We believe recent buying support illustrates that the index should have more legs to climb higher going forward.
  • Hopefully this will instigate the revival of retail participation in due course.
  • For today, we expect the index to hover between the 1,620-1,630 range.
  • As for gold price, it touched another record high at almost the USD3,900/oz mark.
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Daily Market Report - 1 October 2025
Daily Market Report - 1 October 2025
  • Wall Street ended higher following a choppy session as traders largely ignored the possibility of a government shutdown today.
  • However, overriding concerns from the shutdown would be the absence of September’s job data coupled with a potential downgrade by the rating agencies.
  • Meanwhile, the US 10-year yield inched higher at 4.154%.
  • Over in Hong Kong, the HSI rebounded strongly to near the 27,000 level before taking a break tomorrow for National Holiday.
  • Overall sentiment was boosted by expectations of more easing measures from Beijing after a gloomy manufacturing activity data in China that saw declines for the 6th consecutive month.
  • Back home, the FBM KLCI managed to crawl back into positive territory despite a sudden sharp sell-down an hour before closing.
  • We suspect this could be the work by foreign funds.
  • Meanwhile, encouraging loans growth for August at 5.6% may see some interest back on the Banking segment hence expect the index to trend between the 1,605-1,615 range today.
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Daily Market Report - 30 September 2025
Daily Market Report - 30 September 2025
  • Wall Street ended higher as sentiment improved on AI related stocks after some concerns over the AI build up.
  • Traders are also looking at a potential government shutdown this Wednesday that could instigate a mass firing of federal workers.
  • Meanwhile, the US 10-year yield inched lower at 4.141%.
  • Over in Hong Kong, the HSI rebounded as traders bought up shares of car makers, solar energy firms and metal producers amid signs that Beijing crackdown om price wars are bearing fruits.
  • Meanwhile sentiment was further boosted by the People’s Bank of China (PBOC) pledge to step up easing policy to support growth.
  • Back home, the FBM KLCI closed marginally higher on muted buying activities.
  • Foreign funds may have turned into net sellers after signs of encouraging net foreign inflows a few weeks ago.
  • For today, we expect the index to hover within the 1,605-1,615 range. Finally, gold price hit another record high topping above the USD3,800/oz.
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Daily Market Report - 29 September 2025
Daily Market Report - 29 September 2025
  • Wall Street closed broadly higher as sentiment was boosted by the latest personal consumption expenditure (PCE) price index, that came in within expectations ensuring that the Federal Reserve will stick to its easing policy.
  • Meanwhile, the US 10-year yield inched higher at 4.174%.
  • Over in Hong Kong, the HSI continued to slide to close just above the 26,000 level as traders are becoming wary of its valuations amid the latest bouts of Trump’s tariffs.
  • On the home front, the FBM KLCI surprisingly closed on a strong note, attributed to late buying activities.
  • We believe buying activities should persist as more foreign funds are looking for value propositions thus expecting the index to trend within the 1,605-1,615 range today.
  • It is worthwhile noting that gold price has hit another record high and ready to test USD3,800/oz.
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