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
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