Market Reports

Daily Market Report - 23 January 2026
Daily Market Report - 23 January 2026
  • Wall Street ended broadly higher as calm returned amid easing trade tension and geopolitical risk.
  • Intel declined sharply after reporting a disappointing 1Q outlook after hours.
  • Meanwhile, the US 10-year yield inched marginally higher at 4.251%.
  • Over in Hong Kong, the HSI managed to stay just above water after Trump softened his stance on his Greenland’s acquisition antics in addition to the Japanese bonds’ recovery.
  • Back home, the FBM KLCI closed at a YTD high or almost the 1,720 level as sentiment remains positive due to persistent stock accumulation by foreign funds.
  • Nonetheless, retail participation stayed lacklustre as observed from the low daily volume at 2.9bn shares.
  • For today, we expect the index to trend between the 1,715-1,730 range.
  • Meanwhile, MYR has strengthened against the USD at 4.03 or at a 5-year high.
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Daily Market Report - 21 January 2026
Daily Market Report - 21 January 2026
  • Wall Street tumbled sharply as foreign funds switched on the “Sell America” mode after Trump threatened more tariffs on those who oppose to his Greenland takeover.
  • In line with this, the US 10-year yield edged higher at 4.295% after the selling on US Treasury accelerated.
  • Over in Hong Kong, the HSI slid below the 26,500 thresholds or almost a week’s low on concerns over China’s economic slowdown and the rising geopolitical risks.
  • Meanwhile, China maintained its 1 year and 5-year loan prime rate unchanged.
  • On the home front, the FBM KLCI declined to a 7-day low amid a weak regional performance inflicted by the increasing tension over Greenland.
  • Nonetheless, we view this as an opportunity for foreign funds to bargain hunt, hence expect the index to hover within the 1,700-1,715 range today.
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Daily Market Report - 20 January 2026
Daily Market Report - 20 January 2026
  • Wall Street was closed for Martin Luther King Jr Day.
  • However, a look at the futures, all three major indices are trading broadly lower weighed by Trump’s latest tariff threat on those that opposed to the sale of Greenland.
  • As for Hong Kong, the HSI declined to a 1 week low after China reported its GDP growth for 4Q2025 moderated to 4.5% from 4.8% in the previous quarter.
  • For 2025, China’s GDP expanded by 5% that is within consensus estimates.
  • Back home, the FBM KLCI closed flat attributed to late buying activities reflecting that the local bourse is still well supported.
  • We believe foreign funds to remain as net buyers of which we have seen over the past few sessions.
  • Thus, for today, we expect the index to trend within the 1,710 1,720 range.
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Daily Market Report - 19 January 2026
Daily Market Report - 19 January 2026
  • Wall Street closed marginally lower as the ongoing geopolitical tension coupled with the criminal proceedings against Jerome Powell continue to weigh on sentiment.
  • Meanwhile, the US 10-year yield edged higher at 4.227%.
  • Over in Hong Kong, the HSI dipped marginally as traders decided to lock in some profits following a decent run-up in previous sessions.
  • This came after TSMC reported strong earnings that further bolstered confidence of AI related durability.
  • Back home, the FBM KLCI ended lower but off the day’s low amid some intermittent profit taking activities.
  • Nonetheless, we still see some bargain hunting activities at current levels and expect the index to continue with its ascension.
  • Therefore, we anticipate the index to stage a rebound and trend within the 1,710-1,725 range today.
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Daily Market Report - 16 January 2026
Daily Market Report - 16 January 2026
  • Wall Street rebounded to close broadly firmer as sentiment improved on AI related stocks coupled with solid results from the banking sector, spurring the uptrend from both segments.
  • Meanwhile, the US 10 year yield jumped to 4.173% following the latest jobless claims that is pointing to an improving labour market.
  • Over in Hong Kong, the HSI took a breather to end marginally lower amid some intermittent profit taking activities after a solid 4-day run up.
  • Many are expecting a minor correction at current levels before the index resumes with its uptrend.
  • Back home, the FBM KLCI maintained with its impressive performance to close positively following a weak early session.
  • We believe foreign funds are continuing with their stock accumulation as we noticed there were net foreign inflows over the previous few sessions.
  • As such, we anticipate the index to hover within the 1,710-1,720 range today.
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