Daily Market Report - 24 June 2026
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Wall Street ended on a mixed note as investors locked in gains in technology, industrial and basic materials stocks following their recent rally.
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Regional sentiment turned weaker, with the Hang Seng Index declining sharply due to persistent weakness in Chinese equities and subdued investor confidence.
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The FBM KLCI also extended its losses as market participants stayed on the sidelines amid the absence of strong near-term catalysts.
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Concerns over the sustainability of the US-Iran peace deal and renewed selling in US technology stocks weighed on sentiment across Asia, leading to profit-taking in AI and semiconductor-related counters.
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Despite the cautious mood, attractive valuations among selected blue-chip stocks may provide support to the local market.
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We expect the FBM KLCI to fluctuate within the 1,675–1,690 range today.
