Dow Jones: 21,753.31 pts (-234.25pts, -1.07%)
U.S. stockmarkets took a beating overnight as the Dow sank 1.1% as geopolitical tension between North Korea and U.S. The immediate support is located at 21,200.

FBM KLCI: 1,769.63 pts (-3.53pts, -0.20%)
The FBM KLCI (-0.2%) ended lower yesterday in tandem with the weakness across key regional indices on selling pressure in selective banking heavyweights. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,767 (+RM61, +2.25%)
Crude palm oil prices advanced on potential spike in demand ahead of festive season. The immediate resistance is envisaged around RM2,750.

WTI Crude Oil: $48.66 (-$0.05, -0.10%)
Crude oil prices closed marginally lower as U.S. refineries restart production. The immediate support is located at US$42

Gold: $1,339.71 (+$5.84, +0.44%)
Gold prices continue to trend higher as demand for safe haven assets increased. The immediate resistance will be pegged around US$1350.

Economic Releases:
US - United States' ISM Non-Manufacturing PMI, 10.00PM

Bursa Malaysia Trade Statistics - 5Sep17
Institutions:  Net SELL 98.5 mln (46.0%)
Retail:  Net SELL 4.5 mln (20.1%)
Foreign:  Net BUY 103.0 mln (33.9%)

Potential Momentum Stocks - 6Sep17 
Stock Name: LIONIND (4235)
Entry: Buy above RM1.09
Target: RM1.24 (13.8%), RM1.28 (17.4%)
Stop: RM1.01 (-7.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: TUNEPPRO (5230)
Entry: Buy above RM1.12
Target: RM1.21 (8.0%), RM1.27 (13.4%)
Stop: RM1.04 (-7.1%)
Shariah: Yes
Technical: Monitor for 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.