Dow Jones: 21,891.12 pts (+60.81pts, +0.28%)
U.S. stockmarkets closed mixed overnight as the Dow (+0.3%) was powered to another record closing level, but the S&P 500 shed 0.1% on weakness in technology shares. The next resistance is located at 22,000.
FBM KLCI: 1,760.03 pts (-7.05pts, -0.40%)
The FBM KLCI (-0.4%) edged lower yesterday, dragged down by selloff in selective banking heavyweights from foreign funds. The key index is likely to remain rangebound between the 1,750-1,770 levels.
Crude Palm Oil: RM2,675 (+RM20, +0.75%)
Crude palm oil prices rebounded to record its biggest monthly gain since September 2016. The immediate resistance is envisaged around RM2,700.
WTI Crude Oil: $50.17 (+$0.46, +0.93%)
Crude oil prices edged higher past the US$50 per barrel level as OPEC reduces its shipments to the U.S. The next resistance is located at US$52.
Gold: $1,269.44 (-$0.20, -0.02%)
Gold prices retreated as the Dollar weakened against a basket of currencies. The immediate resistance will be pegged around US$1300.
Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 4.00PM
US - United States' ISM Manufacturing PMI, 10.00PM
Bursa Malaysia Trade Statistics - 31 Jul 17
Institutions: Net BUY 21.6 mln (51.2%)
Retail: Net BUY 42.8 mln (17.9%)
Foreign: Net SELL 64.4 mln (30.9%)
Potential Momentum Stocks - 1 Aug 17
Stock Name: JAYCORP (7152)
Entry: Buy above RM1.45
Target: RM1.50 (3.4%), RM1.55 (6.9%)
Stop: RM1.42 (-2.1%)
Shariah: Yes
Technical: Flag-formation breakout
Stock Name: YSPSAH (7178)
Entry: Buy above RM2.98
Target: RM3.08 (3.4%), RM3.29 (10.4%)
Stop: RM2.92 (-2.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation
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.
Chart | Stock Name | Last | Change | Volume |
---|