Dow Jones: 20,578.71 pts (+174.22pts, +0.85%)
U.S. stocks surged after the Treasury Secretary hinted the President Trump’s tax cut proposals would be unveiled soon. At the same time, better results from American Express helped to also shore up sentiments. Both the Dow and S&P 500 rose 0.8% respectively, while the Nasdaq climbed 0.9%.
FBM KLCI: 1,741.61 pts (+2.66pts, +0.15%)
The FBM KLCI closed higher in tandem with the positive regional performance, casting aside the weakness in other regions. The key index’s gains, however, were relatively benign - just 0.15%, with the key index managing to climb back above the 1,740 points level.
Crude Palm Oil: RM2,504 (+RM39, +1.58%)
Crude palm oil prices posted its biggest gain in April on potentially higher exports. Support remains at around RM2,400, while resistance is at RM2.550
WTI Crude Oil: $50.71 (+$0.27, +0.54%)
Crude oil prices remain lackluster after Saudi Arabia said that OPEC's production cuts have not been effective
Gold: $1,281.90 (+$1.69, +0.13%)
Gold prices rebounded amid the rising geopolitical concerns
US - Markit Manufacturing and Services PMI (Apr)
US - Existing home sales (Mar)
EU - Markit Euronzone Manufacturing & Services PMI (Apr)
EU - Markit Germany, France Manufacturing PMI (Apr)
MY - Foreign Reserves (Apr)
Bursa Malaysia Trade Statistics - 20 Apr 17
Institutions: Net BUY 8.5 mln (62.1%)
Retail: Net SELL 8.8 mln (18.2%)
Foreign: Net BUY 0.3 mln (19.7%)
Potential Momentum Stocks - 21 Apr 17
Stock Name: PRESTAR (9873)
Entry: Buy above RM0.940
Target: RM0.970 (3.2%), RM1.020 (8.5%)
Stop: RM0.895 (-4.8%)
Technical: Triangle breakout momentum trade
Stock Name: MUDAJYA (5085)
Entry: Buy above RM1.130
Target: RM1.170 (3.5%), RM1.260 (11.5%)
Stop: RM1.090 (-3.5%)
Technical: Rebound momentum trade
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