Daily Market Report - 28 November 2025
- Wall Street was closed for Thanksgiving Day.
- Over in Hong Kong, the HSI ended flat after a few days of uptrend as traders are still betting on the possibility of a rate cut by the Fed next month.
- Nonetheless, overall sentiment was affected by the weak industrial profit for October after a strong August and September.
- On the home front, the FBM KLCI closed broadly lower to below the 1,620 level possibly due to net foreign outflows.
- Nonetheless, we believe bargain hunting activities should emerge anytime soon amid the absence of any headwinds.
- As for corporate results, it has been a mixed bag thus far with most coming in within consensus expectations.
- As such, we expect the index to hover within the 1,615-1,625 range today.
- Meanwhile, the Ringgit strengthened to 4.13 against the USD as a Fed rate cut in December remains high on the agenda.
