KLSE Traders Update and Ideas

Daily Market Update - 18 Apr 2017

mplus313
Publish date: Tue, 18 Apr 2017, 08:52 AM
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This blog provides market updates and trading ideas that I gather from around the web.

Dow Jones: 20,636.92 pts (+183.67pts, +0.90%)
Wall Street advanced - led by gains in financial stocks, as investors look forward to the release of quarterly earnings by giant banks.

FBM KLCI: 1,733.93 pts (+2.94pts, +0.17%)
The key-index rose 0.2% on Monday - led by bargain hunting activities in the lower liners, amid thin trading. Near-term resistance will be pegged around the 1740 levels.

Crude Palm Oil: RM2,498 (-RM5, -0.20%)
Crude palm oil prices breached below its support at RM2550 - weighed down by strengthening Ringgit. Further support will be pegged around RM2400.

WTI Crude Oil: $52.65 (-$0.50, -0.94%)
Crude oil prices fell on fresh concerns of oversupply, amid rising U.S. crude oil production. Crude oil is envisaged to trade between the US$50-US$55 levels.

Gold: $1,284.71 (-$1.80, -0.14%)
Gold was weaker yesterday, amid the stronger Greenback. Prices are expected to linger within the range of US$1260 to US$1300.

Economic Releases:
US - US Industrial Production - 18 Apr 17, 9.15PM

Bursa Malaysia Trade Statistics - 17 Apr 17
Institutions:  Net SELL 49.8 mln (61.7%)
Retail:  Net SELL 43.2 mln (24.5%)
Foreign:  Net BUY 93.0 mln (13.8%)

Source: Bloomberg, M+ Online

 

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