Market Reports

Daily Market Report - 6 February 2026
Daily Market Report - 6 February 2026
  • Wall Street finished sharply lower amid sustained selling in technology stocks, with weak jobs data adding to concerns in a market already rattled by a major downturn in the software sector.
  • The Dow shed 1.20%, to end at 48,908.72.
  • The S&P 500 fell 1.23% to close at 6,798.40, while the Nasdaq Composite plunged 1.59% to settle at 22,540.59.
  • In Hong Kong, stocks finished higher on bargain hunting in technology names such as Lenovo, Baidu, and Xiaomi, with the HSI gaining 0.14% to end at 26,885.24.
  • On the local front, the FBM KLCI finished lower amid ongoing profit-taking activities.
  • We believe yesterday’s decline should not be viewed as a reversal, but rather as a necessary breather after a strong run.
  • The resilience shown during pullbacks points to underlying confidence, as investors appear comfortable holding positions while the market consolidates.
  • We anticipate the FBM KLCI to trend within the range of 1,730–1,745 today.
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Daily Market Report - 5 February 2026
Daily Market Report - 5 February 2026
  • Wall Street finished mixed, supported by buying in consumer, energy, healthcare and entertainment stocks, while technology shares declined amid AI concerns.
  • The Dow Jones Industrial Average rose 0.53% to 49,501.30, while the S&P 500 dipped 0.51% to 6,882.72.
  • Seling on tech stocks caused the Nasdaq to decline 1.51% to 22,904.58.
  • Hong Kong equities recovered from earlier declines in technology stocks, as strength in mainland China solar names and reduced VAT concerns lifted sentiment.
  • The HSI gained 0.05% to end at 15,857.32. On the local front, the FBM KLCI finished marginally lower due to profit taking activities.
  • Nonetheless, we interpret this as a positive correction, enabling the market to absorb the recent rally.
  • We expect the long-term uptrend to continue given the attractive valuations and persistent support from foreign funds.
  • As such, we anticipate the benchmark index to trend within the range of 1,735-1,755 for today.
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Daily Market Report - 4 February 2026
Daily Market Report - 4 February 2026
  • Wall Street ended lower, weighed down by heavy selling in technology stocks amid lingering concerns over the profitability of the AI boom and whether elevated capital spending can be justified.
  • The Dow Jones Industrial Average fell 0.34% to 49,240.99, while the S&P 500 declined 0.84% to 6,971.81.
  • The tech-heavy Nasdaq slid 1.43% to 23,255.19.
  • Hong Kong equities ended mostly higher as financial stocks outperformed, boosting market sentiment.
  • However, tech giants came under pressure on speculation that Chinese regulators could revise value-added tax arrangements for the internet sector.
  • Domestically, the FBM KLCI finished higher as blue chips continue to see healthy accumulation amid steady buying interest and rising confidence.
  • We reckon any near-term consolidation following the recent advance is expected to be temporary, with overall sentiment staying positive, hence anticipate the FBM KLCI to trend with the range of 1,740-1,760 for today.
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Daily Market Report - 3 February 2026
Daily Market Report - 3 February 2026
  • Wall Street rebounded as bargain hunting activities emerged following previous week’s sharp selloff.
  • The DJIA surged 1.05% to 49,407.66. S&P500 rose 0.54% to 6,976.64 while Nasdaq climbed 0.56$ to 23,592.11.
  • In Hong Kong, the HSI continues to finish lower as growing concerns over stretched technology valuations and aggressive AI-related investment continued to weigh on sentiment.
  • As for the local bourse, the FBM KLCI edged higher as buying on banking heavyweights resumed.
  • Nevertheless, the benchmark index remains in a healthy uptrend, while intermittent profit-taking may continue after the strong rally.
  • The strengthening of the ringgit (MYR) is expected to provide support to the local market.
  • As such, we anticipate the FBM KLCI to continue oscillating within the 1,730–1,750 range today.
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Daily Market Report - 30 January 2026
Daily Market Report - 30 January 2026
  • Wall Street ended mixed as selling on tech stocks took centre stage after Microsoft’s below expectations earnings and soft guidance on its outlook going forward.
  • Meanwhile, the US 10-year yield dipped slightly to 4.233%.
  • As for Hong Kong, the HSI continued with its ascension, briefly overtaking the 28,000 level before settling slightly below this threshold.
  • Buying was broad-based as sentiment was buoyed by the inflows of both foreign and domestic funds in addition to some easing measures within the Chinese property market.
  • On the home front, the FBM KLCI declined further to around the 1,730 mark.
  • We note the selling may be a bit overdone exacerbated by concerns from the sell-down in Indonesia regarding free floats amongst the listed companies.
  • Nonetheless, Bursa Malaysia has maintained that our free float is still within the set parameters and has no systemic risks with MSCI requirements.
  • Therefore, we expect a rebound soon with the index to hover within the 1,730-1,750 range today.
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