Dow Jones: 18,259.60 pts (+371.32pts, +2.08%)
Traders turned bullish ahead of the U.S. presidential election and Wall Street soared strongly on the eve of the election, snapping the longest losing streak since 1980.
FBM KLCI: 1,650.59 pts (+2.35pts, +0.14%)
The FBM KLCI rebounded off the 1,645 level and further technical rebound may be seen towards the 1,660 level on the back of positive sentiments from the overseas markets.
Crude Palm Oil: RM2,789 (+RM53, +1.94%)
Crude palm oil surged above the RM2,750 level amid weaker Ringgit. The next resistance will be set around the RM2,800 level.
WTI Crude Oil: $44.89 (+$0.82, +1.86%)
Crude oil was supported near the US$43 level and trended sideways ahead of the government data. Upside target may be located around US$46 level.
Gold: $1,281.64 (-$23.42, -1.79%)
Gold pulled back sharply after sentiments turned bullish. Gold's support will be anchored around US$1,250.
Bursa Malaysia Trade Statistics - 7 Nov 16
Institutions: Net SELL 34.9 mln (60.3%)
Retail: Net BUY 4.7 mln (13.8%)
Foreign: Net BUY 30.2 mln (25.9%)
Potential Momentum Stocks - 8 Nov 16
Stock Name: OPENSYS (0040)
Entry: Buy above RM0.36
Target: RM0.39 (8.3%), RM0.405 (12.5%)
Stop: RM0.35 (-2.8%)
Shariah: Yes
Technical: Flag formation breakout
Stock Name: MALTON (6181)
Entry: Buy above RM0.675
Target: RM0.70 (3.7%), RM0.71 (5.2%)
Stop: RM0.665 (-1.5%)
Shariah: Yes
Technical: Rebounded off EMA9
Source: Bloomberg, M+ Online
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