Dow Jones: 18,395.40 pts (-53.01pts, -0.29%)
U.S. stockmarkets ended below the EMA20 level as traders anticipated that an interest hike might be coming in the upcoming FOMC meeting. The key index's support will be pegged around 18,000.
FBM KLCI: 1,683.09 pts (+2.79pts, +0.17%)
On the weekly basis, the FBM KLCI trended sideways around the 1,680 level without significant catalyst in the market. The trading range of the FBM KLCI will be located around 1,660-1,700 levels.
Crude Palm Oil: RM2,552 (-RM9, -0.35%)
Crude palm oil prices closed lower on the back of softer soybean oil market. Next support will be anchored around RM2,500 level.
WTI Crude Oil: $47.64 (+$0.31, +0.65%)
Crude oil stabilised above the US$46 level, short term recovery may be seen towards the US$50 level.
Gold: $1,321.18 (-$0.79, -0.06%)
Gold ended marginally lower and hovering below US$1,350. Further pullback might be seen towards the US$1,300 level.
Bursa Malaysia Trade Statistics - 26 Aug 16
Institutions: Net BUY 2.3 mln (54.2%)
Retail: Net BUY 3.6 mln (20.4%)
Foreign: Net SELL 5.9 mln (25.4%)
Potential Momentum Stocks - 29 Aug 16
Stock Name: SEM (5250)
Entry: Buy above RM1.52
Target: RM1.70 (11.8%), RM1.75 (15.1%)
Stop: RM1.42 (-6.6%)
Shariah: No
Technical: Potential short term breakout
Stock Name: HARBOUR (2062)
Entry: Buy above RM1.04
Target: RM1.15 (10.6%), RM1.24 (19.2%)
Stop: RM0.98 (-5.8%)
Shariah: No
Technical: Rebound phase
Source: Bloomberg, M+ Online
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