KLSE Traders Update and Ideas

Daily Market Update - 13 Apr 2017

mplus313
Publish date: Thu, 13 Apr 2017, 09:34 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 20,591.86 pts (-59.44pts, -0.29%)
U.S. stockmarkets finished mostly lower as the Dow declined 0.3% overnight amid persisting concern geopolitical risks in the Middle East and Korean Peninsula.

FBM KLCI: 1,744.08 pts (+8.24pts, +0.47%)
The key-index added 0.5%, alongside higher crude oil prices and buying-support in selected heavyweights. The immediate support level is located around the 1,730 level.

Crude Palm Oil: RM2,589 (-RM23, -0.88%)
Crude palm oil prices hit its lowest in six months - led by worries of oversupply. The RM2,550 level will serve as the immediate support level.

WTI Crude Oil: $53.11 (-$0.29, -0.54%)
Crude oil prices retreated after U.S. inventory data signalled burgeoning stockpiles. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,286.78 (+$11.92, +0.93%)
Gold prices continue to upward momentum on rising demand for safe haven assets amid mounting geopolitical tension in Middle East. The US$1,200 will serve as the immediate support level.

Bursa Malaysia Trade Statistics - 12 Apr 17
Institutions:  Net SELL 13.0 mln (58.1%)
Retail:  Net SELL 6.8 mln (23.0%)
Foreign:  Net BUY 19.8 mln (18.9%)

Source: Bloomberg, M+ Online

 

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