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.
