Market Reports

Daily Market Report - 11 July 2025
Daily Market Report - 11 July 2025
  • Wall Street closed higher as both the Nasdaq and S&P 500 ended at their respective highs as traders prefer to ignore Trump’s ongoing tariff frenzy against the globe.
  • Interests remain focused on AI stocks pushing Nvidia as the first company to be valued at USD4 trillion.
  • Meanwhile, the US 10-year yield eased marginally to 4.35%.
  • Hong Kong equities rebounded with the HSI hitting the 24,000 mark again, as investors await for additional policy support from Beijing after China’s deflation deepened.
  • Back home, the FBM KLCI above the 1,535 level following some last minute buying activities.
  • The performance of the local bourse has been lacklustre until late in the session as we noticed buyers came out from their hibernation.
  • Hopefully, this will be sustainable today thus we expect the index to trend between the 1,530-1,545 range.
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Daily Market Report - 10 July 2025
Daily Market Report - 10 July 2025
  • Wall Street rebounded amid the ongoing uncertainty over Trump’s tariff policy as prevailing positive sentiment was spurred by AI-related trade.
  • Expectations that the Feds will cut rates later this month saw the US 10-year yield easing to 4.366%.
  • In Hong Kong, the HSI reversed yesterday’s gains to close just below the 24,000 level concerns of the nation’s growth prospects as worries about China’s deflationary pressure thus deepening the nation’s growth prospects.
  • On the home front, the FBM KLCI ended marginally lower to just below the 1,530 mark.
  • Nonetheless, we believe buying interests may return in view of yesterday’s BNM’s cut in the OPR by 25bps to 2.75%.
  • We reckon the cut will marginally lower the Ringgit which in effect may negate the 25% trade tariff by the US.
  • Also, within a low interest regime Banks may actually benefit from improved loans activities.
  • As a result, we expect the index to trend between the 1,530-1,540 range today.
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Daily Market Report - 9 July 2025
Daily Market Report - 9 July 2025
  • Wall Street closed weaker amid a choppy session as traders are still waiting for more clarity from Trump’s tariff policy.
  • According to him, there will be no more extension on the reported tariff which are set to begin on Aug 1.
  • Meanwhile, the US 10-year yield inched higher at 4.405%.
  • Over in Hong Kong, the HSI climbed above the 24,000 mark on optimism that the US will be more lenient on the tariff deals with its key trading partners.
  • Back home, the environment was more dire as the FBM KLCI fell to close just above 1,530 level.
  • Again, we suspect the sellers were dominated by foreign funds that began their unloading since Monday ahead of today’s expiry of tariff deals.
  • For today, we expect the index to trend within the 1,520-1,530 in view of the ongoing tariff uncertainty.
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Daily Market Report - 8 July 2025
Daily Market Report - 8 July 2025
  • Wall Street tumbled as traders are concerned over the uncertainty from Trump’s tariff policy expiring this Wednesday.
  • Already Trump’s has warned that countries that is associated with the BRICS may see an additional 10%.
  • Meanwhile, the US 10-year yield edged higher at 4.383%.
  • In Hong Kong, the HSI fell to a 2-week low as traders are waiting for details on the trade deals between the US and China.
  • Meanwhile, most export oriented companies declined ahead of the deadline.
  • Back home, the FBM KLCI dipped by almost 13 points following a decent performance over the past week.
  • We suspect foreign funds have again turned seller illustrating their extreme short term behaviour.
  • Hence, we expect volatility to heighten in the run up to the 9 July expiry.
  • For today, we expect the index to hover between 1,530-1,545 range.
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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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