Market Reports

Daily Market Report - 4 August 2026
Daily Market Report - 4 August 2026
  • Wall Street closed sharply higher as easing US-Iran tensions lifted market sentiment, driving oil prices and Treasury yields lower ahead of a busy week of corporate earnings and key economic data.
  • The Dow gained 1.32%, while the S&P 500 surged 1.48%, and the NASDAQ jumped 2.13%. In HK, the HSI gained 0.48% and reclaimed the 26,000 level due to strong buying on Mainland Chinese stocks.
  • Back home, the FBM KLCI rebounded into positive territory following late buying in selected heavyweight stocks.
  • While the local market continues to receive support from selective bargain hunting, we maintain a cautious stance amid persistent uncertainties in global markets. As such, we expect the FBM KLCI to trade within the 1,720–1,730 range today.
Download
Daily Market Report - 23 July 2026
Daily Market Report - 23 July 2026
  • Wall Street endured a choppy session as all 3 major indices ended at almost the day’s low.
  • Overall sentiment was affected by the spike in crude oil prices which will
    add inflationary pressures and interest rates on the Federal Reserve.
  • In addition, after hours earnings reports from Alphabet, Tesla and IBM were
    discouraging.
  • Meanwhile, the US 10-year yield edged higher at 4.659%. There were numerous headwinds weighing on the regional markets as the escalating
    tension in the middle east pushed crude oil prices higher as the Brent crude jumped to almost USD95/barrel.
  • As a result, Hong Kong equities retreated to below the 25,000
    level. As for the local bourse, the FBM KLCI declined to almost the 1,710 mark presumably attributed to the selldown by foreign funds.
  • Nonetheless, commodity-based stocks like Press Metal, Petronas Gas and Petronas Chemicals all gained. Thus, we expect the index to hover
    within the 1,705-1,715 range today.
Download
Daily Market Report - 21 July 2026
Daily Market Report - 21 July 2026
  • Wall Street closed negatively despite a strong opening as the tension between the US and Iran continues to weigh on sentiment. In addition, crude oil prices advanced with the Brent crude hitting almost USD90/barrel.
  • As a result, the US 10-year yield edged higher at 4.594%.
  • Over in Hong Kong, the HSI staged a massive rally to close above the 25,000 mark as investors rotated out of global semiconductor stocks into Chinese tech giants amid strong expectations of Beijing stimulus package and China Securities Regulatory Commission (CSRC) pledge to support the capital market.
  • On the home front, the FBM KLCI ended lower, attributed to profit taking activities following a decent run over the last few days. We noticed the selling had been prominent amongst the banks. Nonetheless, we believe funds will return to snap up local shares as the rotational play is still ongoing. For today, we
Download
Daily Market Report
Daily Market Report
  • Wall Street close broadly lower triggered by another round of sell-down in semiconductor and AI related stocks, further exacerbated by the jump in crude oil price due to escalation in tension between the US and Iran. The Brent crude ended at around USD89/barrel level. Meanwhile, the US 10-year yield dropped slightly to 4.551%.
  • The sell-down in technology related stocks had spread across the Asia region as both the South Korean and Taiwan markets declined by more than 6%. As a result, the HSI dipped to a 1-month low at below the 25,000 mark.
  • Back home, the FBM KLCI was the contrarian performer to end higher, surpassing the 1,730 thresholds.
  • Buying on the local bourse was broad based as we suspect foreign funds are rotating out from their tech related portfolio to more traditional sectors, namely Banking, Consumer and Plantation. For today, we expect the index to possibly trend within the 1,725-1,740 range.
Download
Daily Market Report - 17 July 2026
Daily Market Report - 17 July 2026
  • Wall Street ended broadly lower, predominantly led by the sell-off in technology stocks.
  • Traders also ignored a raft of solid earnings as most preferred to lock in profits after an uptrend the previous day.
  • In addition, the latest economic data also shows that the US consumer segment is holding up rather well. Meanwhile, the US 10 year yield remained flat at 4.557%.
  • As for Hong Kong equities, the HSI closed higher to finally surpassed the 25,000 mark as the rotation out of South Korea and into Hong Kong tech giants continues.
  • On the home front, the FBM KLCI regained its uptrend to end above the 1,720 level after a brief correction the day before.
  • We noticed foreign funds are back to collect on domestic stocks, but overall trading activities remained rather muted.
  • Nonetheless, we expect the index to trend between the 1,715-1,730 range today.
Download