Market Reports

Daily Market Report - 28 August 2025
Daily Market Report - 28 August 2025
  • Wall Street closed on a high as sentiment remains boosted by expectations of a rate cut by the Federal Reserve next month.
  • Nonetheless, the tech bellwether Nvidia fell in extended trading despite coming in with some solid earnings, as traders are worried of its purported sales of chips to China.
  • Meanwhile, the US 10- year yield eased to 4.238%.
  • In Hong Kong, the HSI failed to sustain its strong opening as it ended in negative territory as sellers emerged ahead of Nvidia’s earnings and the ongoing China-US trade tension.
  • On the home front, the FBM KLCI reversed previous day’s losses to close at a day’s high from apparent local institution support.
  • Contrary to our initial concerns, we deem this immediate rebound as encouraging as it displayed the market’s resilience.
  • For today, we expect the index to possibly trend within the 1,590-1,605 range.
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Daily Market Report - 27 August 2025
Daily Market Report - 27 August 2025
  • Wall Street closed firmer as traders prefer to ignore Trump’s removal of Federal Reserve Governor Lisa Cook, instead focusing on earnings from Nvidia later today.
  • Meanwhile, the US 10-year yield inched higher at 4.265%.
  • Over in Hong Kong, the HSI declined as profit taking activities emerged as worries over the pace of the US rate cut along with the China-US trade negotiations resurfaced.
  • Back home, the FBM KLCI faced with mounting selling pressure slid to just above the 1,580 threshold.
  • The sell-down was rather drastic amid a regional sell-off as illustrated by the spike in daily trading volume to above the 4bn level.
  • Whilst we are hoping for an immediate rebound, we believe yesterday’s aggressive selling may have dented the underlying confidence somewhat thus expect the index to hover within the 1,580-1,590 range today.
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Daily Market Report - 26 August 2025
Daily Market Report - 26 August 2025
  • Wall Street closed lower as investors were reluctant to take long positions after U.S. Federal Reserve Chair Jerome Powell indicated that a September interest rate cut was likely but not guaranteed.
  • The Dow slipped 0.77% to 45,282.47, the S&P 500 fell 0.43%, and the Nasdaq eased 0.22%.
  • Across Asia, markets closed higher, buoyed by strong corporate earnings, and gains in technology stocks.
  • Hong Kong advanced further, led by strength in both the tech and property sectors, with the HSI gaining 1.94%.
  • On the local front, the FBM KLCI closed higher, breaking the 1,600 psychological resistance level with decent volume.
  • Nonetheless, we do not discount the possibility of profit-taking after five consecutive days of gains.
  • Having reversed its earlier decline in May 2025, the benchmark index is trending upward with consistent higher highs and higher lows, underscoring a bullish stance.
  • We believe that holding above the 1,600 level could provide the momentum needed to reach 1,650 in the near future.
  • For today, we anticipate the FBM KLCI to trend within the 1,600–1,620 range.
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Daily Market Report - 25 August 2025
Daily Market Report - 25 August 2025
  • Wall Street ended on a high after the speech from the Federal Reserve fuelled expectations of rate cuts next month.
  • It seems like Jerome Powell is finally relenting to mounting political pressures and will shift his stance to adjust rates in September.
  • As a result, the US 10-year yield eased to 4.256%.
  • Over in Hong Kong, the HSI finally broke out from its brief consolidation phase as sentiment was lifted by hopes of more easing policy from China.
  • In addition, the inclusion of Pop Mart, JD Logistics and China Telecom into the HSI has further increased its appeal, pushing total constituents to 88 thus far.
  • Domestically, the FBM KLCI briefly breached the 1,600 mark before settling at 1,597.
  • Judging from recent buying support by the local institutions, we believe the index should break the 1,600 threshold with ease.
  • As such, we expect the index to hover within the 1,600-1,620 range today.
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Daily Market Report - 22 August 2025
Daily Market Report - 22 August 2025
  • Wall Street ended lower as traders are looking ahead for the Federal Reserve’s statement on interest rates later today.
  • Meanwhile, the US 10-year yield edged higher at 4.328%.
  • Over in Hong Kong, the HSI continues with its sideways movements as traders remain sidelined ahead of Jerome Powell’s speech to gauge the possibility of the much touted rate cut in September.
  • Back home, the FBM KLCI again defied gravity as the index ended above the 1,590 level despite off the day’s high.
  • Accumulation of stocks from local institutions was again apparent with buying interests mainly focused on the laggards.
  • We are indeed heartened by the solid support from the local funds thus far, rendering them taking the lead within the local bourse.
  • For today, we expect the index to hover between the 1,590-1,600 range, hopefully and beyond.
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