Market Reports

Daily Market Report - 14 August 2025
Daily Market Report - 14 August 2025
  • Wall Street continues with its bullish momentum pushing both Nasdaq and the S&P500 to record highs, spurred by hopes for a rate cut by the Federal Reserve next month coupled with a strong corporate earnings season.
  • Meanwhile, the US 10-year yield eased to 4.236%.
  • A look at Hong Kong, the HSI cruised past the 25,000 level as traders’ risk appetite increased on hopes for a Fed rate cut in September escalates.
  • On the domestic front, the FBM KLCI also displayed a solid performance as it surged to almost the 1,590 mark amid a bullish regional performance. .
  • In view of this, we believe the index is set to test the 1,600 level soon and that this will eventually improve overall trading volume of the local bourse going forward.
  • We expect buying momentum to persist, hence expect the index to hover within the 1,580- 1,600 range today.
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Daily Market Report - 13 August 2025
Daily Market Report - 13 August 2025
  • Wall Street closed broadly higher with both the S&P500 and Nasdaq at record highs after the latest CPI figure came in slightly below expectations thus paving way for the Feds to cut rate next month.
  • Meanwhile, the US 10- year yield edged higher at 4.289%.
  • Over in Hong Kong, the HSI ended on a positive note after hovering within a narrow range.
  • Overall trading remained lacklustre as traders were mostly side-lined ahead of more economic data and corporate earnings.
  • On the home front, the FBM KLCI closed firmer but off the day’s high possibly due to profit taking activities.
  • Despite the 30 points gain over the past 5 days, we regard the local bourse’s valuation remains reasonable hence expect more legs for the index towards the 1,600 level.
  • For today, we expect the index to trend within the 1.565-1,580 range.
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Daily Market Report - 12 August 2025
Daily Market Report - 12 August 2025
  • Wall Street closed lower ahead of the crucial inflation data later this week as many expect this will dictate the Federal Reserve stance on rate cut going forward.
  • As expected, the US has extended its tariff deadline on China by another 90 days.
  • Meanwhile, the US 10-year yield eased slightly to 4.279%.
  • In Hong Kong, the HSI ended marginally higher amid a lackustre trading session as sentiment remained cautious ahead of the expiration of the US-China tariff truce today.
  • Back home, the FBM KLCI continued with its impressive climb to close above the 1,560 mark.
  • The index has been well supported over the past week attributed by the buying support from local institutions.
  • Despite this, we noticed foreign funds remained as net sellers which is disappointing.
  • Meanwhile, we see the tariff deadline extension on China as positive and that the US may eventually relent hence expect the index to hover between the 1,555-1,570 range today.
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Daily Market Report - 11 August 2025
Daily Market Report - 11 August 2025
  • Wall Street rebounded as Apple shares continue to rally after being in Trump’s good books following the huge planned investments in the US.
  • Nonetheless, we see overall trading pattern to be dictated by how traders interpret the ongoing tariff dynamics on the US economy.
  • Meanwhile, the US 10-year yield edged higher at 4.285%.
  • Over in Hong Kong, the HSI tumbled to 24,850 level amid some profit taking activities citing disappointing corporate earnings and deflationary fears in China.
  • On the home front, the FBM KLCI maintained its impressive run-up as it ended higher towards the 1,560 mark.
  • Buying has been broad-based but mainly centered on the laggards again.
  • Despite the positive index performance, daily volume remained less than desirable at around 2.49bn shares.
  • For today, we expect the index to trend within the 1,550-1,560 range.
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Daily Market Report - 8 August 2025
Daily Market Report - 8 August 2025
  • Wall Street ended mixed as sentiment turned cautious over the eventual impacts from Trump’s tariffs that may be felt in the next few months.
  • Meanwhile, the US 10-year yield remained flat at 4.248%.
  • Looking at Hong Kong, the HSI continued with its uptrend as sentiment was bolstered by the unexpected improvement in China’s July exports that grew 7.2% against the consensus estimate of 5.6%.
  • Meanwhile, imports rose 4.1% versus the forecast of 1% decline.
  • As a result, the index breached the 25,000 mark again.
  • Back home, the FBM KLCI also performed well after a slow start.
  • Bargain hunters emerged to snap up the index laggards, especially Tenaga thus pushing the benchmark index closer to the 1,550 level.
  • While we believe there could be some foreign buying, we hope this time they will stay a tad longer.
  • For today, we expect the index to trend between the 1,545-1,555 range.
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