Market Reports

Daily Market Report - 7 July 2025
Daily Market Report - 7 July 2025
  • Wall Street was closed for Independence Day last Friday.
  • Over in Hong Kong, the HSI fell to below the 24,000 mark as traders are selling ahead of the July 9 tariff deadline.
  • On the local front, the FBM KLCI has been rather resilient to close just above the 1,550 level.
  • We suspect foreign funds continue to be buyers mainly centred on the laggard blue chips.
  • Though our market remains very much affected by externalities, we are hopeful that buying on local stocks should persist as valuation is still reasonable.
  • For today, we expect the index to trend between the 1,545-1,555 range.
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Daily Market Report - 4 July 2025
Daily Market Report - 4 July 2025
  • Wall Street closed broadly higher following a stronger than expected job report.
  • Nonfarm payroll rose by 147,000 against the forecast of 110,000.
  • The unemployment rate fell to 4.1% vs the forecast of 4.3%.
  • On the flipside, the stronger job market may see delay for the Feds to cut rates hence the US 10-year yield jumped to 4.348%.
  • In Hong Kong, the HSI declined to just above the 24,000 level after the US latest deal with Vietnam suggest the US is targeting Chinese supply chain across the region.
  • Back home, the FBM KLCI fell slightly to just below the 1,550 mark possibly due to some profit taking activities.
  • Nonetheless, we noticed there was strong support at around this level as backed by a spike in trading volume ay above 5bn shares.
  • Thus, we expect the index to hover within the 1,545-1,555 range today.
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Daily Market Report - 3 July 2025
Daily Market Report - 3 July 2025
  • Wall Street closed on a mixed note as traders awaits for June’s big job report.
  • Nonetheless, funds rotated back to tech stocks as the Nasdaq ended on a record high.
  • Meanwhile, the US 10-year yield inched higher at 4.283%.
  • In Hong Kong, the HSI closed positively despite the weakness amongst the tech stocks.
  • Funds from mainland China continue to plough into Hong Kong underpinned by optimism on growth in China.
  • Back home, the FBM KLCI continued with its impressive performance as it ended above the 1,550 level.
  • Again, we attributed this to buying from foreign funds that have turned net buyers over the past few days.
  • Today, we expect the index to trend between the 1,545-1,555 range.
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Daily Market Report - 2 July 2025
Daily Market Report - 2 July 2025
  • Wall Street ended mixed as traders rotated out of tech companies.
  • Trump’s big beautiful was narrowly passed in the Senate but still subject to the House approval.
  • Meanwhile, the US 10-year yield edged slightly higher at 4.242%.
  • Hong Kong market was closed yesterday and will resume trading today.
  • On the domestic front, the FBM KLCI closed higher as we reckon this is due to some accumulation from the foreign funds.
  • It is interesting to see that net foreign inflows have already taken place over the past few days.
  • Therefore, we expect the index to hover between the 1,540-1,550 range today.
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Daily Market Report - 1 July 2025
Daily Market Report - 1 July 2025
  • Wall Street ended broadly higher as traders are optimistic that there will be deals between the US and its trading partners once its 90-day tariff reprieve expires next week.
  • Meanwhile, the US 10-year yield slipped to 4.232%.
  • Over in Hong Kong, the HSI declined to just above the 24,000 level after a government report showed that manufacturing activity in China struggled to expand as US tariff hampered exports.
  • Back home, the FBM KLCI closed higher at above the 1,530 mark possibly due to the return of foreign funds.
  • On the back of steadier global markets, we reckon the same may support the local burse hence expect the index to trend within the 1,530-1,540 range today.
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