Trader’s Look at Market – “Survivors in risk-off market” (10 Jan 2025)

Ken Low joined discussion · Jan 10 08:34

Global markets

NYSE, Nasdaq and CBOE closed yesterday to honour the passing of former president Jimmy Carter on National Day of Mourning.

Malaysia markets

Local Macro

USDMYR $USD/MYR (USDMYR.FX)$ continued flirting around 4.50 level with slight gain of 30 pips. MGS 10 years edged lower at 3.82% (-0.03).

KLCI Performance

Another wave of selling pressure pushed the index $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ to monthly low of 1,600 (-14.02) whereby losers outperformed gainers, demonstrating negative market breadth. 1,600 level is sticky.

KLCI 10-day historical volatility spiked up from 4.3% to 10.7%, showing market fear due to recent sell off.

Bloomberg source: KLCI graph

Trader’s Look at Market – “Survivors in risk-off market” (10 Jan 2025)

Bloomberg source: KLCI 10-day historical volatility graph

Malaysia equity flow (MYR million)

Foreign asset managers continued selling domestic equities, yesterday at MYR 163 mil, accelerating the downfall of local index. In terms of daily trading participating, foreign and local institutions contributed approximately 40% respectively while local retail consisted of around 20%.

Sectoral performance (%)

Local equities suffered another bloodbath, whereby all sectors tanked amid risk off mode.

Survey:
Bloomberg source: Nonfarm Payrolls survey

Tonight, market consensus of US NFP = 165k,
If NFP > 165k, you think Nasdaq $NASDAQ 100 Index (.NDX.US)$ up or down?
If NFP < 165k, you think Nasdaq $NASDAQ 100 Index (.NDX.US)$ up or down?

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more