Dow Jones: 19,083.18 pts (+59.31pts, +0.31%)
U.S. stockmarkets was closed for Thanksgiving public holiday. The Dow ended at its all-time high 19,083.18 level on its previous session.
FBM KLCI: 1,624.21 pts (-6.17pts, -0.38%)
The FBM KLCI halted a three straight session of gains as profit taking activities emerged in selective index heavyweights whilst foreign funds continue to trim their holdings. The immediate support level is located around the 1,610 level.
Crude Palm Oil: RM3,004 (+RM50, +1.69%)
Tracking the sharp gains in soybean oil prices, crude palm oil prices rallied but pared most of its intraday gains, before closing above the RM3,000 psychological level. The RM3,100 level will serve as the next resistance level.
WTI Crude Oil: $47.96 (-$0.05, -0.10%)
Crude oil prices trended sideways as investors anticipate for the OPEC meeting for a potential output cut next week. Crude oil prices might head towards the US$50 level.
Gold: $1,181.67 (-$2.83, -0.24%)
Gold prices retreated after the US Dollar continues to strengthen against a basket of currencies. The US$1,150 level will serve as the next support level.
Economic Releases:
MY - Malaysia's October Inflation Rate - 25 Nov 16, 12.00PM
Bursa Malaysia Trade Statistics - 24 Nov 16
Institutions: Net BUY 161.9 mln (62.4%)
Retail: Net BUY 6.8 mln (17.6%)
Foreign: Net SELL 168.7 mln (20.0%)
Potential Momentum Stocks - 25 Nov 16
Stock Name: CYPARK (5184)
Entry: Buy above RM2.25
Target: RM2.54 (12.9%), RM2.73 (21.3%)
Stop: RM2.09 (-7.1%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: KAREX (5247)
Entry: Buy above RM2.64
Target: RM2.74 (3.8%), RM2.90 (9.8%)
Stop: RM2.53 (-4.2%)
Shariah: No
Technical: Monitor for 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 |
---|