Daily Market Report - 30 Apr 2025
Daily Market Report - 30 Apr 2025

Daily Market Report - 30 Apr 2025

  • Wall Street closed firmer following statement from the White House that the US is close to a trade deal with India.
  • Meanwhile, traders are also looking at earnings from Meta and Microsoft later today and that the US 10-year yield continued to slide to 4.172%.
  • In Hong Kong, the HSI rose marginally as traders are waiting for earnings from the banks following HSBC impressive 1Q25 results that beat estimates while also keeping an eye on the latest developments of the ongoing trade war.
  • On the home front, the FBM KLCI retreated to around the 1,515 level amid profit taking activities despite a strong opening.
  • The benchmark index gained around 25 points over the previous 4 days before today’s retracement.
  • Hopefully this is just a brief correction ahead of Labour Day break this Thursday.
  • Nonetheless, we believe market undertone remains strong underscore by the reasonable market valuations hence expect the index to hover within the 1,510-1,525 range today.
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