Dow Jones: 18,129.96 pts (+9.79pts, +0.05%)
U.S. stockmarkets trended sideways and ended marginally higher ahead of the FOMC meeting, awaiting the decision from the Fed regarding the interest rate move.
FBM KLCI: 1,655.78 pts (+4.07pts, +0.25%)
The FBM KLCI rebounded near the 1,640 level, forming a hammer candle. The FBM KLCI may rebound towards the resistance zone near the 1,660-1,670 levels.
Crude Palm Oil: RM2,693 (+RM51, +1.93%)
Crude palm oil price trended higher towards the RM2,700 level amid weaker Ringgit, coupled with the gains in soybean oil.
WTI Crude Oil: $44.05 (+$0.75, +1.76%)
Crude oil trended slightly higher as American Petroleum Institute reported that crude stockpiles declined 7.5 mln barrels last week.
Gold: $1,314.84 (+$1.65, +0.13%)
Gold rose marginally overnight awaiting the decision by the Fed on the interest rate outlook. Trading range will be located between the US$1,310-US$1,320 levels.
Bursa Malaysia Trade Statistics - 20Sep16
Institutions: Net SELL 157.0 mln (57.5%)
Retail: Net BUY 13.3 mln (16.0%)
Foreign: Net BUY 143.7 mln (26.5%)
Potential Momentum Stocks - 21Sep16
Stock Name: RCECAP (9296)
Entry: Buy above RM1.20
Target: RM1.30 (8.3%), RM1.40 (16.7%)
Stop: RM1.12 (-6.7%)
Shariah: No
Technical: Resistance breakout
Stock Name: MRCB (1651)
Entry: Buy above RM1.32
Target: RM1.50 (13.6%), RM1.60 (21.2%)
Stop: RM1.22 (-7.6%)
Shariah: Yes
Technical: Sideways consolidation breakout
Source: Bloomberg, M+ Online
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Daily update
http://klse.i3investor.com/blogs/discoverychannel/104766.jsp
2016-09-21 11:55