Dow Jones: 18,261.45 pts (-131.01pts, -0.71%)
Wall Street ended a two-day winning streak on the back of profit taking activities near the 18,400 level led by energy and technology shares.
FBM KLCI: 1,670.99 pts (+1.33pts, +0.08%)
The FBM KLCI traded higher on the back of last minute buying support. Meanwhile, as the trend is still on a technical rebound phase, upside should be capped around the 1,680 level.
Crude Palm Oil: RM2,676 (-RM49, -1.80%)
Crude palm oil prices continues to fluctuate around the RM2,700 level. Selling pressure picked up and formed a bearish engulfing bar on Friday Next support will be set around RM2,650.
WTI Crude Oil: $44.48 (-$1.84, -4.01%)
Crude oil is trending sideways near the EMA120 level. Trading range will be located between the US$43-US$46 levels.
Gold: $1,337.56 (+$0.49, +0.04%)
Gold took some breather after surging strongly last week after the Fed kept interest rates unchanged. Upside target will be envisaged around the US$1,350 level
Bursa Malaysia Trade Statistics - 23Sep16
Institutions: Net SELL 116.3 mln (57.8%)
Retail: Net SELL 15.1 mln (17.6%)
Foreign: Net BUY 131.4 mln (24.6%)
Potential Momentum Stocks - 26Sep16
Stock Name: AISB (2682)
Entry: Buy above RM0.61
Target: RM0.65 (6.6%), RM0.70 (14.8%)
Stop: RM0.585 (-4.1%)
Shariah: Yes
Technical: Uptrend intact breakout
Stock Name: EVERGRN (5101)
Entry: Buy above RM0.945
Target: RM1.02 (7.9%), RM1.07 (13.2%)
Stop: RM0.90 (-4.8%)
Shariah: Yes
Technical: Potential breakout
Source: Bloomberg, M+ Online
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James Loke
very appreciate for updating on AISB
2016-09-26 21:19