Market Reports

Daily Market Report - 30 June 2025
Daily Market Report - 30 June 2025
  • Wall Street closed broadly higher as sentiment was boosted by the US-China trade talk whereby an agreement may have been reached whereby many ignored the PCE (personal consumption expenditure) inflation rate that came in at 2.7% beating forecast of 2.6%.
  • As such, the US 10-year yield inched higher to 4.275%.
  • Over in Hong Kong, the HSI fell slightly amid some profit taking acting activities after a decent 950 points rally over the last 5 days.
  • Back home, the FBM KLCI displayed another positive performance as the index closed almost at the 1,530 level.
  • We believe local institutions continue to prop up the market and expect foreign funds to trickle in with the solid performance on Wall Street.
  • As such, we expect the index to hover within the 1.530-1,540 range today.
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Daily Market Report - 26 June 2025
Daily Market Report - 26 June 2025
  • Wall Street ended on a mixed note as market is trying to digest the events in the middle east and if the prevailing ceasefire between Israel and Iran will hold.
  • As for the US 10-year yield, it closed flat at 4.291%.
  • Over in Hong Kong, the HSI jumped to 3-month high as sentiment was buoyed from hopes of a rate cut by the Feds while enjoying continuous inflows of foreign funds.
  • On the domestic front, the FBM KLCI ended positively to almost the 1,520 level possibly due to stock accumulation by local institutions.
  • We noticed there has been some foreign funds tricking in as well.
  • Nonetheless, we prefer to stay cautious as developments in the middle east remained fluid hence expect the index to trend within the 1,515-1,525 range today.
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Daily Market Report - 25 June 2025
Daily Market Report - 25 June 2025
  • Wall Street closed higher while crude oil plummeted as traders are betting that the delicate ceasefire between Israel and Iran will hold.
  • Meanwhile, the US 10-year yield eased to 4.296% in view of a possible rate cut in July.
  • In Hong Kong, the HSI continued with its climb to close above the 24,000 level despite the ongoing uncertainty in the middle east, still overhanging overall trading activities.
  • Notwithstanding this, traders are seeing an influx of foreign funds back to Hong Kong thus most are positive on the market for now.
  • Back home, the FBMKLCI ended slightly lower amid a lacklustre session. It remains apparent that the local bourse is still lacking the desired liquidity with the absence of foreign and retail participants.
  • Nonetheless, we are hopeful that the flight of foreign funds back to Asia is happening especially into Hong Kong hence expect some spillover effect anytime soon. For today, we expect the index to hover within the 1,510-1,530 range.
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Daily Market Report - 24 June 2025
Daily Market Report - 24 June 2025
  • Wall Street closed broadly higher as traders observed that Iran’s retaliation has been restrained while Trump announces an Israel-Iran ceasefire timeline that will potentially end the war.
  • Meanwhile, the US 10-year yield edged slightly higher at 4.342%.
  • Over in Hong Kong, the HSI trended higher spearheaded by oil entities following the escalating tension in the middle east after the US attacked Iran’s nuclear facilities.
  • Most of the buying has been from mainland Chinese funds.
  • On the home front, the FBM KLCI surprisingly staged a strong rebound after a weak opening predominantly due to buying support by local institutions.
  • Having declined to below the 1,490 level, the benchmark index closed above the 1,515 mark.
  • For today, we expect the index to trend between the 1,510- 1,530 range.
  • Meanwhile, crude oil prices have declined with the Brent crude dipping below the USD72/barrel level.
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Daily Market Report - 23 June 2025
Daily Market Report - 23 June 2025
  • Wall Street ended mixed over the uncertainty about rate cuts as it was reported that a cut could be introduced in the next FOMC meeting in end-July contrary to Powell’s earlier comment.
  • In Hong Kong, the HSI added 290 points to above the 23,500 level over optimism that China’s economic growth may be sustainable.
  • On the domestic front, the FBM KLCI closed marginally higher, attributed to some bargain hunting activities.
  • Nonetheless, with the US involvement in the war against Iran last Saturday hence suggesting that Trump lied again about the 2-week time frame thus it would be interesting to see the market’s reaction today.
  • In view of the potential heightening in market volatility, we expect the index to hover within the 1,480-1,500 range today and would be buyers of blue chips at around the 1,480 level.
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