Dow Jones: 17,985.19 pts (-19.86pts, -0.11%)
U.S. equities pulled back mildly and ended below the 18,000 psychological level led by financial sector. Meanwhile, U.S. jobless claims fell 4,000 to 264,000 vs. estimated figure of 270,000.
FBM KLCI: 1,650.51 pts (-7.34pts, -0.44%)
The FBM KLCI ended lower for the second consecutive day after the key index has revisited the 1,600 resistance level. Support will be pegged around the 1,630 level.
Crude Palm Oil: RM2,587 (-RM2, -0.08%)
CPO prices closed marginally lower, marking the fourth straight losing streak. As the palm oil price is below RM2,600, it may drop further towards RM2,500 over the near term.
WTI Crude Oil: $50.56 (-$0.68, -1.33%)
WTI crude oil fell from the 10-month high, forming a bearish engulfing bar as Dollar strengthened. Support will be set around US$48.
Gold: $1,269.80 (+$9.95, +0.79%)
Gold continues to stage a strong recovery from the support of the US$1,200 level. Based on the current momentum, price may extend gains towards US$1,300.
Economic Releases:
Malaysia - Malaysia Industrial Production - 10 Jun 16, 12:00PM
US - University of Michigan Consumer Sentiment Index - 10 Jun 16, 10:00PM
Bursa Malaysia Trade Statistics - 09 Jun 16
Institutions: Net BUY 210.2 mln (60.2%)
Retail: Net BUY 12.0 mln (14.9%)
Foreign: Net SELL 222.2 mln (24.9%)
Potential Momentum Stocks - 10 Jun 16
Stock Name: SOLUTN (0093)
Entry: Buy above RM0.44
Target: RM0.50 (13.6%), RM0.55 (25.0%)
Stop: RM0.415 (-5.7%)
Technical: Short term breakout
Stock Name: MYCRON (5087)
Entry: Buy above RM0.59
Target: RM0.635 (7.6%), RM0.69 (16.9%)
Stop: RM0.565 (-4.2%)
Technical: Potential sideways breakout
Source: Bloomberg, M+ Online
Disclaimer
The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.
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.
Chart | Stock Name | Last | Change | Volume |
---|