Dow Jones: 20,090.29 pts (+37.87pts, +0.19%)
U.S. stockmarkets advanced overnight as the Dow rose 0.2% but came off its intraday high after trade deficit hit its highest level in four years.

FBM KLCI: 1,688.84 pts (-2.40pts, -0.14%)
The FBMKLCI (-0.1%) staged a mild pullback yesterday as the key index halted a three day winning streak. The immediate resistance level is located around the 1,700 level.

Crude Palm Oil: RM3,082 (+RM14, +0.46%)
Crude palm oil prices rose for the second straight session, taking cue from the higher soybean oil prices coupled with lower inventory level. The RM3,000 level will serve as the immediate support level.

WTI Crude Oil: $52.17 (-$0.84, -1.56%)
Crude oil prices extended its losses, pressured by growing stockpiles in US. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,233.85 (-$1.68, -0.14%)
Gold prices retreated, snapped a three-day winning streak. The US1,250 will serve as the immediate resistance level.

Bursa Malaysia Trade Statistics - 7 Feb 17
Institutions:  Net BUY 65.0 mln (63.4%)
Retail:  Net BUY 14.2 mln (17.7%)
Foreign:  Net SELL 79.2 mln (18.9%)

Potential Momentum Stocks - 8 Feb 17 
Stock Name: PELIKAN (5231)
Entry: Buy above RM0.905
Target: RM0.97 (7.2%), RM1.06 (17.1%)
Stop: RM0.87 (-3.9%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: IVORY (5175)
Entry: Buy above RM0.49
Target: RM0.54 (10.2%), RM0.595 (21.4%)
Stop: RM0.46 (-6.1%)
Shariah: Yes
Technical: Resistance 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.