Dow Jones: 18,347.67 pts (+120.74pts, +0.66%)
Wall Street continues to trend higher as Brexit worries eased; both the Dow and S&P 500 marked new record closing at 18,347.67 pts and 2,152.14 pts respectively.

FBM KLCI: 1,653.97 pts (+0.10pts, +0.01%)
The FBM KLCI may break above the 1,660 level amid positive sentiments abroad, coupled with the overnight Wall Street gains.

Crude Palm Oil: RM2,188 (-RM52, -2.32%)
CPO violated below the RM2,200 level as palm oil inventories in Malaysia added 7.7% to 1.78 mln tons at the end of June, while production of CPO increased 12% to 1.53 mln tons and exports declined 12% to 1.13 mln tons.

WTI Crude Oil: $46.80 (+$2.04, +4.52%)
Crude oil staged a strong recovery on the back of OPEC's forecast in the June monthly report that the demand will exceed production next year.

Gold: $1,333.10 (-$22.30, -1.65%)
Gold fell for another session amid a jump in global stocks, coupled with the easing concerns on the global economy.

Economic Releases:
China - China Imports & Exports Trade - 13Jul17
Eurozone - Eurostat Industrial Production - 13Jul17, 5:00PM

Bursa Malaysia Trade Statistics - 12 Jul 16
Institutions:  Net SELL 35.6 mln (55.3%)
Retail:  Net SELL 9.7 mln (14.3%)
Foreign:  Net BUY 45.3 mln (30.4%)

Potential Momentum Stocks - 13 Jul 16 
Stock Name: PRESTAR (9873)
Entry: Buy around RM0.585
Target: RM0.65 (11.1%), RM0.70 (19.7%)
Stop: RM0.56 (-4.3%)

Stock Name: CENTURY (7117)
Entry: Buy above RM0.85
Target: RM0.95 (11.8%), RM1.00 (17.6%)
Stop: RM0.83 (-2.4%)
Technical: Flag 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.