Market Reports

Daily Market Report - 2 April 2025
Daily Market Report - 2 April 2025
  • Wall Street ended on a mixed note amid a choppy session as implementation of Trump’s latest tariffs remained uncertain.
  • Sentiment was also affected by the weaker manufacturing data in the US coupled with a lower-thanexpected job opening for February.
  • Meanwhile, the US 10- year yield eased to 4.161%.
  • Over in Hong Kong, the HSI closed positively following a recent dismal performance as confidence was buoyed by China’s manufacturing industry which grew at its fastest pace in 4 months.
  • The Purchasing Managers Index (PMI), as compiled by Caixin expanded to 51.2 in March, the highest since November last year.
  • The local bourse will resume trading today after a weak closing last Friday amid a regional decline attributed to the massive earthquake in Myanmar that also affected both Thailand and China.
  • We believe a swift rebound is in the offing for the FBM KLCI as it needs to trend above the 1,530 level as soon as possible otherwise it will be stuck within a consolidation phase gain.
  • For today, we expect the index to hover between the 1,515- 1,530 range.
download
Daily Market Report - 27 March 2025
Daily Market Report - 27 March 2025
  • Wall Street stocks finished lower as President Trump prepared to unveil new tariffs on US auto imports, widening the global trade war he kicked off this year.
  • Three key major indices ended negatively with the DJIA and Nasdaq losing 0.31% and 2.04% respectively while S&P500 dipped 1.12%.
  • Most major Asian indices finished in positive territory supported by O&G, tech and EV stocks.
  • The HSI rose 0.6%, bouncing back from Tuesday’s close at the lowest level since March 4.
  • Domestically, the FBM KLCI continued its upward trajectory due to bargain hunting on selected heavyweights given their cheap valuations.
  • We are watching for a breakout; without it, the benchmark index may stay range-bound until fresh catalysts appear.
  • Hence, we expect the FBM KLCI to trend within the range of 1,510-1,530 for today.
Download
Daily Market Report - 26 Mar 2025
Daily Market Report - 26 Mar 2025
  • Wall Street stocks ended higher as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week.
  • Three key major indices ended positively with the DJIA and Nasdaq gaining 0.01% and 0.46% respectively while S&P500 added 0.16%.
  • Across Asia, markets closed on a mixed note as investors in China and Hong Kong locked in recent gains, dragging the HSI down by 2.35%.
  • On the domestic front, the FBM KLCI finished in positive territory, supported by better sentiment.
  • Despite the rebound, we maintain a guarded outlook amid persistent global uncertainties.
  • We foresee buying support for blue-chip counters, keeping the benchmark index within the 1,510–1,520 band.
Download
Daily Market Report - 25 Mar 2025
Daily Market Report - 25 Mar 2025
  • Wall Street closed broadly higher on hope that Trump would hold back some of his wide ranging tariffs plans so that the US may avert an economic slowdown and rising inflation.
  • Meanwhile, the US 10-year yield inched higher at 4.338%.
  • Over in Hong Kong, the HSI managed to claw back earlier losses back to almost the 24,000 mark as bargain hunting activities emerged following a decline from its YTD high from the 24,800 level last week.
  • Market undertone seems robust despite the inherent concern over more Trump’s tariffs going forward.
  • Back home, the FBM KLCI closed slightly lower but managed to stay above the 1,500 mark as selling by foreign funds persisted amid a choppy session.
  • Outlook remains boring as the daily volume is still stuck at around the 3bn shares level.
  • In view of a lack of fresh funds, we believe the index to hover within the 1,500- 1,510 range again today.
Download
Daily Market Report - 24 Mar 2025
Daily Market Report - 24 Mar 2025
  • Wall Street managed to barely close positively on a “quadruple witching day” when stock and index options, index and single stock futures expire.
  • Despite all 3 major indices coming off their lows, trading was choppy as sentiment remain cautious over the tariff uncertainties.
  • Meanwhile, the US 10-year yield inched higher at 4.25%.
  • Over in Hong Kong, the HSI slumped further citing the narrowing valuation gap between the Chinese and US tech companies.
  • Dismal results from CK Hutchinson Holdings further compounded the sell-down.
  • On the local front, the FBM KLCI ended above water, but market undertone was jittery as selling by foreign funds remains evident.
  • Though we noticed some early buying support, this evaporated as foreign disposal became more pronounced.
  • As a result, we expect the index to hover within the 1,500-1,510 range today.
Download