Daily Market Report - 28 Apr 2025
Daily Market Report - 28 Apr 2025

Daily Market Report - 28 Apr 2025

  • Wall Street seems to have steadied over the past few days despite the tariff situation remains unresolved even though at a calmer condition.
  • Sentiment has also improved underscored by a series of solid corporate earnings reported so far.
  • Meanwhile, the US 10-year yield eased further to 4.255%.
  • In Hong Kong, the HSI closed slightly higher to almost the 22,000 mark on expectations that the Federal Reserve will look to cut rates sooner than later.
  • On the home front, the FBM KLCI maintained its climb to end at the 1,510 level.
  • While sentiment remains cautious, we are heartened that the recent positive performance of the local bourse has been due to the return of foreign funds buying.
  • If this is sustainable, we can expect a new uptrend wave with the 1,530 level as the next target.
  • Notwithstanding this, we expect the index to hover within the 1,510-1,520 range today.
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