KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 21 Sep 2018, 05:38 PM


Daily Market Update - 17 Oct 2017 (INSAS, SYSTECH)

Author:   |    Publish date:

Dow Jones: 22,956.96 pts (+85.24pts, +0.37%)
U.S. stockmarkets ascend to close at record high levels overnight as the Dow added 0.4% after the U.S. Federal Reserve is poised to raise its benchmark interest rates in December 2017. The immediate resistance is located at 23,000.

FBM KLCI: 1,754.37 pts (-0.95pts, -0.05%)
The FBM KLCI (-0.1%) ended lower yesterday on weakness in selective banking and telco heavyweights. The immediate support is located at 1,750.

Crude Palm Oil: RM2,762 (+RM5, +0.18%)
Crude palm oil prices extended its gains on higher export demand amid the festive season. The immediate resistance is envisaged around RM2,800.

WTI Crude Oil: $51.87 (+$0.42, +0.82%)
Crude oil prices extended its gains as geopolitical tension in Iraq escalates. The immediate resistance is located at US$52.

Gold: $1,295.79 (-$8.03, -0.62%)
Gold prices retreated after the U.S. Dollar strengthened against a basket of currencies. The immediate support will be pegged around US$1,250.

Economic Releases:
MY - Malaysia's Unemployment Rate, 12.00PM
JP - Japan's Industrial Production, 12.30PM
UK - United Kingdom's Inflation Rate, 4.30PM
EU - Eurozone's Inflation Rate, 5.00PM
US - United States' Industrial Production, 9.15PM

Bursa Malaysia Trade Statistics - 16 Oct 17
Institutions:  Net BUY 18.4 mln (55.4%)
Retail:  Net SELL 3.0 mln (23.2%)
Foreign:  Net SELL 15.4 mln (21.4%)

Potential Momentum Stocks - 17 Oct 17 
Stock Name: INSAS (3379)
Entry: Buy above RM0.99
Target: RM1.07 (8.1%), RM1.10 (11.1%)
Stop: RM0.965 (-2.5%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SYSTECH (0050)
Entry: Buy above RM0.42
Target: RM0.44 (4.8%), RM0.46 (9.5%)
Stop: RM0.40 (-4.8%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online



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The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Related Stocks

Chart Stock Name Last Change Volume 
INSAS 0.825 +0.005 (0.61%) 124,200 
SYSTECH 0.305 -0.005 (1.61%) 1,215,200 

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