Market Reports

Daily Market Report - 25 July 2025
Daily Market Report - 25 July 2025
  • Wall Street closed mixed as the DJIA ended lower due to the sell-off on IBM.
  • Otherwise, the US market seems to be in a good situation.
  • Meanwhile, the US 10-year yield was flat at 4.40% amid a rather resilient PMI and job data.
  • Over in Hong Kong, the HSI continues with its winning streak to stay within the 25,700 mark as sentiment remains buoyant with the US looking more forthcoming for negotiations amid the ongoing trade tension and many are hoping a deal may be agreed between the US and the EU soon.
  • On the home front, the FBM KLCI displayed another decent performance as it ended at the 1,540 level possibly from institutional support in view of the upcoming results season.
  • Meanwhile, we expect the index to maintain its positive course and trend between the 1,535-1,550 range today.
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Daily Market Report - 24 July 2025
Daily Market Report - 24 July 2025
  • Wall Street closed broadly higher as confidence reigned on the positive developments over the trade front this week.
  • Meanwhile, the US 10-year yield eased to 4.384%.
  • In Hong Kong, the HSI surged to a three and a half year high on optimism that the US-China fresh trade talk is progressing well following the just concluded US-Japan agreement on a positive note.
  • Now that our initial 25,000 for HSI has been attained, our next stop is the 28,000 mark.
  • Back home, the FBM KLCI closed positively at almost the 1,530 level.
  • The decent performance may be underpinned by PM Anwar’s pleasant announcements for all Malaysians yesterday.
  • This is certainly a surprising “feel good” factor in what we see may be to ease the SST burden going forward.
  • Whether such positivity will sustain remains to be seen as we expect the index to trend within the 1,530-1,540 range today.
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Daily Market Report - 23 July 2025
Daily Market Report - 23 July 2025
  • Wall Street closed mixed, with the S&P 500 hitting another record high at 6,309.62 (+0.06%) as investors digested a new batch of earnings, including a tariff warning from General Motors.
  • The Dow rose 0.4%, while the Nasdaq slipped 0.39% ahead of key earnings reports from major tech giants.
  • Hong Kong shares advanced further, led by strength in construction and utility stocks following the commencement of what is billed as the world’s largest dam project in Tibet.
  • As a result, the HSI rose 0.54%.
  • On the localfront, the FBM KLCI closed lower in tandem with the weak regional performance.
  • While short-term sentiment is still developing, value-seeking investors may continue to support the market through selective accumulation.
  • Hence, we anticipate the benchmark index to consolidate within the 1,510–1,520 range today.
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Daily Market Report - 22 July 2025
Daily Market Report - 22 July 2025
  • Wall Street closed broadly higher and the S&P500 hits a record high, above 6,300 (+0.14%) ahead of big tech earnings.
  • The Dow dipped 0.04% while Nasdaq rose 0.38%.
  • Hong Kong equities ended higher, supported by improving investor sentiment driven by renewed confidence in China's economic resilience and a broader risk-on tone across global markets.
  • As a result, the HSI dipped gained 0.68%.
  • On the local front, the FBM KLCI pared losses due to late buying.
  • Nonetheless, the above average trading volume indicating higher trading opportunities.
  • We expect bargain hunting may arise due to improving sentiment across the region.
  • As such, we anticipate the benchmark index to trend within the range of 1,520-1,530 today.
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Daily Market Report - 21 July 2025
Daily Market Report - 21 July 2025
  • Wall Street closed lower as the market took a breather following a rather decent performance for the week amid fresh data on consumer sentiment and housing starts coming in within expectations.
  • Reflecting a lack of excitement on the economic front, the US 10-year yield eased slightly to 4.42%.
  • Over in Hong Kong, the HSI hit a 3-year high at above the 24,800 mark rendering our initial 25,000 target as high achievable.
  • The positive sentiment was mainly due to the less volatile session over in the US.
  • Back home, the FBM KLCI maintained its stability to end positively amid continuous buying support by local institutions.
  • For today, we expect such bargain hunting to persist and expect the index to trend within the 1,520-1,530 range.
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