Market Reports

Daily Market Report - 5 June 2026
Daily Market Report - 5 June 2026
  • Wall Street closed on a mixed note with the DJIA rallied to another new high as traders are rotating out of tech stocks to non-tech stocks.
  • Overall sentiment remains cautious over the escalating tension in the middle east. Meanwhile, the US 10-year yield dipped lower to 4.475%.
  • As for Hong Kong, the HSI maintained its sharp decline as traders became risk-averse from the heightening tension in the middle east coupled with the softening outlook in the AI-related tech segment.
  • On the home front, the FBM KLCI finally snapped its week long downtrend, as it closed above the 1,680 mark attributed to broad based bargain hunting activities.
  • We viewed the recent sell-down by foreign funds may be attributed to some Yen carry trades and yesterday’s rebound illustrates a possible tail-end for such activities.
  • As such, we expect the index to trend between the 1,680-1,695 range today.
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Daily Market Report - 4 June 2026
Daily Market Report - 4 June 2026
  • Wall Street closed sharply lower as the tension in the middle east escalated with the latest strikes on Kuwait International Airport by Iran.
  • As a result, Brent crude edged higher at almost the USD98/barrel level while the US 10-year yield inched higher to 4.493%.
  • Over in Hong Kong, the HSI retreated to below the 26,000 mark as profit taking activities intensified especially on tech related stocks.
  • Traders have turned cautious as the tension between the US and Iran escalated with no clear resolution in sight.
  • Back home, the FBM KLCI remained firmly in a consolidation mode as the index ended weaker, paring all gains during the early session.
  • Therefore, with the index now at around the 1,670 level, we believe the local bourse is poised for a rebound anytime soon.
  • As such, we anticipate the index to hover between the 1,670-1,685 range today.
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Daily Market Report - 3 June 2026
Daily Market Report - 3 June 2026
  • Wall Street closed higher with the S&P 500 notching another record high.
  • This is despite the ongoing uncertainty with regards to the US-Iran negotiations.
  • Meanwhile, crude oi price edged higher at USD96/barrel while the US 10-year yield was flat at 4.453%.
  • Over in Hong Kong, the HSI closed above the 26,000 mark driven mainly by tech AI related stocks and the record breaking performance on Wall Street overnight.
  • As for the local bourse, we believe bargain hunting activities to emerge sooner than later following a long break last week.
  • As such, we expect the index to hover within the 1,680-1,700 range today.
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Daily Market Report - 29 May 2026
Daily Market Report - 29 May 2026
  • Wall Street scaled higher following reports that both the US and Iran have agreed on a 60-day MOU to extend the ceasefire and continue negotiations on Iran’s nuclear program.
  • As a result, the Brent crude declined to USD93/barrel while the US 10-year yield eased to 4.453%. Asian markets took the brunt of sell-down yesterday as majority ended in the red.
  • Sentiment have turned cautious over the uncertain signals from the geopolitical tension in the middle east. In Hong Kong, the HSI slid to just above the 25,000 mark or a 4-month low led by declines in financial, tech and retail stocks.
  • Back home, the FBM KLCI succumbed to late heavy selling as the index closed at below the 1,685 level, which is around a 3-month low.
  • Though we view this as an opportunity to bargain hunt, we prefer to advocate investors to remain vigilant as the impact from yen carry trade could be unfolding underscored by the hike in Japan 10-year yield.
  • Thus, for today we expect the index to hover within the 1,680-1,700 range.
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Daily Market Report - 28 May 2026
Daily Market Report - 28 May 2026
  • Wall Street ended higher with the DJIA notching anotherrecord high amid the weakening crude oil prices as optimism of a middle east truce rose.
  • Brent crude is currently trending below USD95/barrel while the US 10-
    year yield also ticked lower at 4.483%.
  • Over in Hong Kong, the HSI declined to a 2-month low as sentiment
    remained cautious over the uncertainty in the middle east.
  • Selling was broad-based particularly within the realestate, energy and tech sectors.
  • On the home front, the FBM KLCI ended below the 1,700 mark on Tuesday due to strong late selling noticeably from the foreign funds. Over the last 2 trading days, net foreign outflows totalledRM190m and we believe this may continue.
  • Notwithstanding this, with the index now at below 1,700,we would encourage clients to start bargain hunting. Fortoday, we anticipate the index to trend between the1,695-1,710 range.
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