Daily Market Report - 30 January 2026
- Wall Street ended mixed as selling on tech stocks took centre stage after Microsoft’s below expectations earnings and soft guidance on its outlook going forward.
- Meanwhile, the US 10-year yield dipped slightly to 4.233%.
- As for Hong Kong, the HSI continued with its ascension, briefly overtaking the 28,000 level before settling slightly below this threshold.
- Buying was broad-based as sentiment was buoyed by the inflows of both foreign and domestic funds in addition to some easing measures within the Chinese property market.
- On the home front, the FBM KLCI declined further to around the 1,730 mark.
- We note the selling may be a bit overdone exacerbated by concerns from the sell-down in Indonesia regarding free floats amongst the listed companies.
- Nonetheless, Bursa Malaysia has maintained that our free float is still within the set parameters and has no systemic risks with MSCI requirements.
- Therefore, we expect a rebound soon with the index to hover within the 1,730-1,750 range today.
