TSLA
Tesla
-- 288.140 NVDA
NVIDIA
-- 120.690 PLTR
Palantir
-- 96.500 TNON
Tenon Medical
-- 3.750 GME
GameStop
-- 25.400 Trader’s Look at Market – “Survivorship Theme in Focus” (17 Jan 2025)
Global markets
The US equities retreated gain yesterday due to softer CPI. Risk sentiment was dented by tech weakness even banking posted strong earnings. All 3 US indices were in negative territory, $Dow Jones Industrial Average (.DJI.US)$ DJ -0.16%, $S&P 500 Index (.SPX.US)$ S&P 500 -0.21%, $NASDAQ 100 Index (.NDX.US)$ Nasdaq -0.89%.
$U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ US Treasury 10-year yield shaving off the rally from 4.80% on 14 Jan to settle yesterday at 4.61%. The higher the yield, the lower the bond price. Tech is interest rate sensitive whereby higher yield batter growth stocks including tech.
Finally, Israel and Hamas agree to cease fire in Gaza. Geopolitical tension was reduced as there would be a pathway to end a more than 1 year war.
Malaysia markets
Local Macro
Same story. Local currency and bond markets almost unchanged with subsided volatility. The $USD/MYR (USDMYR.FX)$ MYR defense level of 4.5000 was strong for the short term, given stable $SGD/MYR (SGDMYR.FX)$ SGDMYR of 3.30. Malaysia government securities 10-year yield settled at 3.86%.
KLCI Performance Another lacklustre performance for $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ local index, dragging by risk off mode and stop loss triggered. KLCI was hit and slid to close at 1,555 (-6.58) with MYR 3.162 billion volume.
Malaysia equity flow (MYR million)
Foreign yesterday sold another MYR 212 mil equities, accelerating the downfall of local index. YTD equity flow already accumulated to MYR -1.715 billion.
Sectoral performance (%)
Another few days of blood bath for all sectors across the board. Some sectors managed to recoup some losses, such as tech +1.76%, energy +1.18% and healthcare +0.76%. However, construction tumbled another 3.58%, exacerbating fear of selling.
Bloomberg source: Bursa Malaysia Construction Index graph
Daily trading small tips
As we last chat on market outlook 2025, this year is fully of volatility and domestic equities may be subject to downside risk, posed by geopolitical tension, potential trade war, strong USD, weaker demand and slower pace of US rate cut.
As we last chat on market outlook 2025, this year is fully of volatility and domestic equities may be subject to downside risk, posed by geopolitical tension, potential trade war, strong USD, weaker demand and slower pace of US rate cut.
Survivorship theme is the focus! Structural position (long-term view) may not be easy to manage. In this kind of unchartered territory, tactical position (short-term trading) is better approach. Besides, portfolio diversification and “see money take money”. Good luck in year 2025!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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