Dow Jones: 18,529.42 pts (-23.15pts, -0.12%)
Once again, Wall Street ended on a mixed note; the Dow fell 0.12% led by technology and consumer goods like Apple Inc (-0.85%), Johnson & Johnson (-0.79%), Nike (-0.24%) and Coca-Cola (-0.18%).
FBM KLCI: 1,691.07 pts (+3.39pts, +0.20%)
The FBM KLCI ended slightly higher on the back of a last minute buying support. However, the FBM KLCI's upside will be capped around the 1,700 psychological level.
Crude Palm Oil: RM2,543 (-RM35, -1.36%)
Crude palm oil retreated around the RM2,600 level, tracking the China prices and soybean oil. The next support will be located around the RM2,500 level.
WTI Crude Oil: $47.41 (-$1.11, -2.28%)
Crude oil reversed near the US$50 level as traders stayed cautious ahead of the weekly U.S. crude inventory and production data. Next support will be pegged around US$46.
Gold: $1,339.09 (-$2.38, -0.18%)
Gold extended its retrace move below the US$1,350 level as traders are speculating on the timing for the interest rate hike this year.
Economic Releases:
Eurozone - Eurozone Markit Composite PMI - 23 Aug 16, 4:00PM
Bursa Malaysia Trade Statistics - 22 Aug 16
Institutions: Net SELL 61.4 mln (58.1%)
Retail: Net BUY 7.9 mln (23.3%)
Foreign: Net BUY 53.5 mln (18.6%)
Potential Momentum Stocks - 23 Aug 16
Stock Name: MRCB (1651)
Entry: Buy above RM1.29
Target: RM1.37 (6.2%), RM1.49 (15.5%)
Stop: RM1.25 (-3.1%)
Shariah: Yes
Technical: Flag formation breakout
Stock Name: MAHSING (8583)
Entry: Buy above RM1.65
Target: RM1.75 (6.1%), RM1.85 (12.1%)
Stop: RM1.59 (-3.6%)
Shariah: Yes
Technical: Potential sideways consolidation 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 |
---|