Dow Jones: 19,827.25 pts (+94.85pts, +0.48%)
U.S. stockmarkets advanced on last Friday as Donald Trump was sworn in as the 45th U.S. President whilst reiterating several of his election policies
FBM KLCI: 1,664.89 pts (-1.62pts, -0.10%)
The FBMKLCI was traded in a lacklustre manner before snapping a streak of three days of gains to close 0.1% lower. The immediate resistance level is located around the 1,680 level.
Crude Palm Oil: RM3,101 (-RM30, -0.96%)
Crude palm oil prices fell for the third consecutive session on expectations of a recovery in supply. The RM3,200 level will serve as the immediate resistance level.
WTI Crude Oil: $53.22 (+$1.85, +3.61%)
Crude oil prices rallied ahead of the weekend producers' compliance meeting on the global output cut deal. Crude oil prices might trend towards the US$55-US$60 levels.
Gold: $1,210.32 (+$5.47, +0.45%)
Gold prices rebounded off the US$1,200 level to record its fourth weekly winning streak on uncertainty over Donald Trump economic policies. The US1,250 will serve as the immediate resistance level.
Bursa Malaysia Trade Statistics - 20 Jan 17
Institutions: Net BUY 50.1 mln (65.3%)
Retail: Net BUY 15.1 mln (15.3%)
Foreign: Net SELL 65.2 mln (19.4%)
Potential Momentum Stocks - 23 Jan 17
Stock Name: KERJAYA (7161)
Entry: Buy above RM2.26
Target: RM2.40 (6.2%), RM2.53 (11.9%)
Stop: RM2.18 (-3.5%)
Shariah: Yes
Technical: Short-term consolidation breakout
Stock Name: REXIT (0106)
Entry: Buy above RM0.60
Target: RM0.65 (8.3%), RM0.685 (14.2%)
Stop: RM0.555 (-7.5%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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