Dow Jones: 18,847.66 pts (+39.78pts, +0.21%)
The Dow notched another record closing after extending its gains for the fifth straight session on last Friday, buoyed by gains in financial shares
FBM KLCI: 1,634.19 pts (-18.55pts, -1.12%)
As the FBM KLCI has breached the 1,645 immediate support level, we might see further pullback on the key index towards the 1,630 support level
Crude Palm Oil: RM2,974 (+RM80, +2.76%)
Crude palm oil prices jumped to its highest level in 4 years, owing to the weakness in Ringgit Malaysia against the US Dollars. The immediate resistance is located around the RM3,000 level
WTI Crude Oil: $43.41 (-$1.25, -2.80%)
Crude oil extended its losses on last Friday after US has reported an increase in the number of oil rigs. Crude oil prices might continue to hover between US$43-US$46 levels.
Gold: $1,227.64 (-$31.56, -2.51%)
Gold prices continue to trend on a negative tone, breaching below the US$1,250 support level, amidst the renewed buying interest in riskier assets. Support will be set around US$1,200.
Economic Releases:
China - China Retail Sales - 14 Nov 16, 10:00AM
Eurozone - Eurozone Industrial Production Index - 14 Nov 16, 6:00PM
Bursa Malaysia Trade Statistics - 11 Nov 16
Institutions: Net BUY 605.1 mln (59.7%)
Retail: Net BUY 85.8 mln (13.3%)
Foreign: Net SELL 690.9 mln (27.0%)
Potential Momentum Stocks - 14 Nov 16
Stock Name: RSAWIT (5113)
Entry: Buy above RM0.505
Target: RM0.535 (5.9%), RM0.585 (15.8%)
Stop: RM0.485 (-4.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation pattern
Stock Name: KAREX (5247)
Entry: Buy above RM2.520
Target: RM2.640 (4.8%), RM2.740 (8.7%)
Stop: RM2.450 (-2.8%)
Shariah: No
Technical: Short-term 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 |
---|