Market Reports

Daily Market Report - 9 September 2026
Daily Market Report - 9 September 2026
  • Wall Street opened the week lower as concerns on crude oil price heightens. Brent crude is slowly inching towards the USD100/barrel as tension in the middle east escalates.
  • Meanwhile, the US 10-year yield has also settled higher at 4.792%. Over in Hong Kong, the HSI slipped marginally as traders remained cautious ahead of the Chinese trade data amid the escalating crude oil price.
  • Overall, sentiment was also affected from the stronger Yen as many expect a hike in Japanese interest rates soon.
  • On the home front, the FBMKLCI ended on a flat note amidst the ongoing market consolidation. Trading has been choppy throughout the day with daily volume improving to above the 4bn share level. In the absence of catalyst, we expect the index to hover between the 1,710-1,720 range today.
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Daily Market Report - 8 September 2026
Daily Market Report - 8 September 2026
  • Wall Street is closed for Labour Day on Monday but a peek at the DJIA futures is already down by 300 points amid the trade tension between Canada and the US.
  • Crude oil price remains high with the Brent at USD97/barrel while the US 10-year yield stays flat at 4.784%.
  • Over in Hong Kong, the HSI reacted negatively to the stronger than expected US job data as traders turned cautious ahead of the FOMC meeting this month.
  • As a result, both the tech and financials related stocks saw some selling pressure.
  • Back home, the FBMKLCI recovered to almost the 1,715 mark as investors returned to accumulate on blue chips that have been sold down recently.
  • Overall sentiment is still cautious as illustrated by the lower daily volume of below 4bn shares. Amid the numerous headwinds, we believe ongoing consolidation to persist and expect the index to trend within the 1,710-1,720 range today.
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Daily Market Report - 7 September 2026
Daily Market Report - 7 September 2026
  • Wall Street ended lower as US job data came in stronger than anticipated thus possibility for the Federal Reserve to hike rates have increased during the next FOMC meeting in mid-September.
  • As a result, the US 10-year yield inched higher at 4.784%. Over in Hong Kong, the HSI surged above the 25,600 level on optimism that the Fed may keep rates steady for now.
  • The rally was mainly led by heightened buying interests back to tech related stocks. On the home front, the FBMKLCI weakened to below the 1,710 mark as selling persisted amongst the foreign funds.
  • For the week, net foreign outflows have amounted to approximately RM870m. In view of this, we believe prevailing consolidation of the index may continue hence we expect it to hover within the 1,700-1,715 range today.
  • Meanwhile, the escalation in tension between the US and Iran have maintained crude oil price high with the Brent now at almost the USD97/barrel.
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Daily Market Report - 27 August 2026
Daily Market Report - 27 August 2026
  • Wall Street ended on a flat note as traders await for Nvidia’s results, which came in better than expected after hours.
  • Meanwhile, the latest PCE price index came in slightly higher than anticipated but made little impact bond yields as the US 10-year yield steadied at around the 4.649%.
  • Over in Hong Kong, the HSI rebounded after a sell-off the previous days. Overall buying was due to the rotation of funds out of China and into Hong Kong stocks.
  • On the home front, the FBMKLCI closed on a surprisingly strong note to within the 1,750 mark.
  • Buying was broad based underpinned by improved daily volume of more than 4bn shares.
  • More earnings are expected from the banks over these few days and we believe the banks to perform steadily thus expect the index to trend
    within the 1,745-1,755 range today.
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Daily Market Report - 24 August 2024
Daily Market Report - 24 August 2024
  • Wall Street ended the week on a firmer note despite US long term yields remained elevated.
  • The US 10-year yield edged higher at 4.736%. In addition to this, crude oil
    prices also climbed higher with the Brent closing in on USD95/barrel mark. Over in Hong Kong, the HSI surged above the 26,000 thresholds underpinned by decent economic data and corporate earnings.
  • Meanwhile, the benchmark index expanded to 95 constituents with the
    inclusion of Hua Hong Semiconductor and Weichai Power.
  • Back home, the FBMKLCI remained stuck in aconsolidation mode as the index closed flat. We noticed net foreign outflows persisted hence the stuttering indexperformance of late.
  • On the brighter side, CPO price remains strong with the futures hovering close to the RM5,000/tonne level.
  • For today, we expect the index to hover within the 1,730-1,740 range.
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