KLSE Traders Update and Ideas

Daily Market Update - 17 Apr 2017

mplus313
Publish date: Mon, 17 Apr 2017, 08:55 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 20,453.25 pts (-138.61pts, -0.67%)
U.S stockmarkets was closed for the "Good Friday" holiday celebrations.

FBM KLCI: 1,730.99 pts (-7.19pts, -0.41%)
The FBM KLCI continued its downtrend, ahead of the Easter holiday celebrations. Immediate support will be envisaged around 1,730.

Crude Palm Oil: RM2,503 (-RM10, -0.40%)
Crude palm oil prices ended the week on soft footing, after coming off intra-day high. The next support will be envisaged around RM2550.

WTI Crude Oil: $53.18 (+$0.07, +0.13%)
Crude oil market was also closed. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,285.69 (-$2.23, -0.17%)
Gold prices retraced slightly, amid thin trading on Friday as investors were away for holidays. Prices are expected to trend within the range of US$1260 to US$1300.

Economic Releases:
CN - China GDP Growth Rate- 17 Apr 17, 10.00AM
US - US Empire State Manufacturing - 17 Apr 17, 8.30PM

Bursa Malaysia Trade Statistics - 14 Apr 17
Institutions:  Net SELL 26.9 mln (65.0%)
Retail:  Net BUY 12.7 mln (28.7%)
Foreign:  Net BUY 14.2 mln (6.3%)

Source: Bloomberg, M+ Online

 

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