Dow Jones: 20,650.21 pts (-13.01pts, -0.06%)
U.S. stockmarkets extended their losses as the Dow fell 0.1% overnight after trimming its intraday losses on uncertainty over President Donald Trump execution of economic policies. The 21,000 will serve as the immediate resistance level.

FBM KLCI: 1,745.49 pts (+5.40pts, +0.31%)
The FBM KLCI (+0.3%) rebounded yesterday in tandem with gains across key regional indices. The immediate support level is located around the 1,730 level.

Crude Palm Oil: RM2,662 (+RM16, +0.60%)
Crude palm oil prices edged marginally higher in anticipation of stronger demand. The RM2,600 level will serve as the immediate support level.

WTI Crude Oil: $50.24 (-$0.36, -0.71%)
Crude oil prices rebounded after Libya reopens its biggest oilfield. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,253.50 (+$4.30, +0.34%)
Gold prices extended its gains on the lacklustre U.S. economic data. The US$1,200 will serve as the immediate support level.

Economic Releases:
EU - Eurozone's Retail Sales - 4 Apr 17, 5.00PM

Bursa Malaysia Trade Statistics - 3 Apr 17
Institutions:  Net SELL 161.9 mln (59.7%)
Retail:  Net SELL 16.9 mln (25.0%)
Foreign:  Net BUY 178.8 mln (15.3%)

Potential Momentum Stocks - 4 Apr 17 
Stock Name: REXIT (0106)
Entry: Buy above RM0.695
Target: RM0.735 (5.8%), RM0.755 (8.6%)
Stop: RM0.66 (-5.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SUNZEN (0148)
Entry: Buy above RM0.30
Target: RM0.32 (6.7%), RM0.33 (10.0%)
Stop: RM0.28 (-6.7%)
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.