Daily Market Report - 5 June 2025
Daily Market Report - 5 June 2025

Daily Market Report - 5 June 2025

  • Wall Street ended mixed as hiring data from the private sector hit the lowest level in 2 years on concerns over prevailing uncertainty is weighing on the US economy.
  • Meanwhile, Trump again criticized Fed’s Powell for being too late on rate cut as the 10-year yield easing to 4.357%.
  • As for Hong Kong equities, the HSI maintained its uptrend to close at almost 23,700 or near a 2-month high as traders remained confident that a negotiation between China and the US will take place anytime soon.
  • Back home, the FBM KLCI finally reversed its recent downtrend to close in positive territory attributed to last minute bargain hunting.
  • Overall trading activities remained muted as displayed by the low daily volume of 2.4bn shares.
  • We noticed there has been a spate of downgrades on the FBM KLCI target this year in view of prevailing trade uncertainty.
  • Nonetheless, we envisage bargain hunting activities to prevail, hence expect the index to trend within the 1,505-1,515 range today.
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