Dow Jones: 20,269.37 pts (+96.97pts, +0.48%)
U.S. stockmarkets extended their gains as the Dow logged its third weekly winning streak in anticipation of new tax plans.
FBM KLCI: 1,698.94 pts (+10.44pts, +0.62%)
Tracking the positive developments across global stockmarkets, the FBMKLCI (+0.6%) rallied to close at 1,698.94 pts after having re-tested the 1,700 psychological level. The immediate resistance level is located around the 1,700 level.
Crude Palm Oil: RM3,071 (-RM27, -0.87%)
Crude palm oil prices reversed all its previous two session gains on the decline in India's import. The RM3,000 level will serve as the immediate support level.
WTI Crude Oil: $53.86 (+$0.86, +1.62%)
Crude oil prices advanced on OPEC's compliance in trimming production. Crude oil prices might trend between the US$50-US$55 levels.
Gold: $1,233.62 (+$5.26, +0.43%)
Gold prices staged a mild recovery on higher demand. The US1,250 will serve as the immediate resistance level.
Economic Releases:
MY - Malaysia's Unemployment Rate - 13 Feb 17, 12.00PM
Bursa Malaysia Trade Statistics - 10 Feb 17
Institutions: Net SELL 147.1 mln (58.5%)
Retail: Net BUY 10.0 mln (17.3%)
Foreign: Net BUY 137.1 mln (24.2%)
Potential Momentum Stocks - 13 Feb 17
Stock Name: CENTURY (7117)
Entry: Buy above RM0.905
Target: RM0.955 (5.5%), RM0.99 (9.4%)
Stop: RM0.875 (-3.3%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: LKL (0182)
Entry: Buy above RM0.27
Target: RM0.305 (13.0%), RM0.335 (24.1%)
Stop: RM0.245 (-9.3%)
Shariah: Yes
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 |
---|