Dow Jones: 18,011.07 pts (+230.24pts, +1.29%)
U.S. equities rocketed ahead of the polls results from the U.K. to remain or leave the EU. The Dow traded above the psychological level of 18,000 level. Next resistance will be pegged around the 18,300 level.
FBM KLCI: 1,639.98 pts (+2.29pts, +0.14%)
The FBM KLCI ended slightly higher above the EMA20 level amid mild buying interest among index heavyweights. Technical rebound phase may persist for the near term towards the 1,660 level.
Crude Palm Oil: RM2,384 (+RM10, +0.42%)
Tracking the recovery in soy and crude oil prices, CPO closed higher. However, price is hovering below the psychological level of RM2,400.
WTI Crude Oil: $50.11 (+$0.94, +1.90%)
Crude oil price rebounded towards the US$50 per barrel mark ahead of the UK's Brexit vote results.
Gold: $1,256.84 (-$10.33, -0.82%)
Gold pulled back further after retesting the US$1,300 level last week. Next support will be located around US$1,250.
Economic Releases:
US - US Durable Goods New Orders - 24 Jun 16, 8:30PM
US - University of Michigan Consumer - 24 Jun 16, 10.00PM
Bursa Malaysia Trade Statistics - 23 Jun 16
Institutions: Net SELL 0.8 mln (57.4%)
Retail: Net SELL 30.9 mln (13.9%)
Foreign: Net BUY 31.7 mln (28.7%)
Potential Momentum Stocks - 24 Jun 16
Stock Name: DUFU (7233)
Entry: Buy above RM0.61
Target: RM0.675 (10.7%), RM0.70 (14.8%)
Stop: RM0.585 (-4.1%)
Technical: Potential sideways consolidation breakout
Stock Name: CENTURY (7117)
Entry: Buy around RM0.84
Target: RM0.905 (7.7%), RM0.95 (13.1%)
Stop: RM0.825 (-1.8%)
Technical: Short term breakout
Source: Bloomberg, M+ Online
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