Dow Jones: 22,024.87 pts (+25.88pts, +0.12%)
U.S. stockmarkets inched higher overnight as the Dow (+0.1%) reclaimed its position above the 22,000 psychological level after the U.S. Federal Reserve remain concern over the persistent low inflation rate. The immediate resistance is located at 22,500.

FBM KLCI: 1,773.75 pts (+1.36pts, +0.08%)
The FBM KLCI (+0.1%) rose for the third straight session, taking cue from the positive developments in Wall Street overnight. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,637 (-RM9, -0.34%)
Tracking the weakness in soybean oil prices, crude palm oil prices extended its losses. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $46.78 (-$0.77, -1.62%)
Crude oil prices extended its losses for the third consecutive session amid the rising U.S. production. The next resistance is located at US$52.

Gold: $1,283.11 (+$11.58, +0.91%)
Gold prices recouped all its previous session losses after the U.S. Dollar retreated against a basket of currencies. The immediate resistance will be pegged around US$1300.

Economic Releases:
EU - Eurozone's Inflation Rate, 5.00PM

Bursa Malaysia Trade Statistics - 16 Aug 17
Institutions:  Net BUY 0.4 mln (61.1%)
Retail:  Net SELL 22.8 mln (23.6%)
Foreign:  Net BUY 22.4 mln (15.3%)

Potential Momentum Stocks - 17 Aug 17 
Stock Name: GHLSYS (0021)
Entry: Buy above RM1.62
Target: RM1.75 (8.0%), RM1.87 (15.4%)
Stop: RM1.53 (-5.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: LEONFB (5232)
Entry: Buy above RM0.76
Target: RM0.80 (5.3%), RM0.86 (13.2%)
Stop: RM0.735 (-3.3%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

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.