Dow Jones: 21,797.79 pts (+13.01pts, +0.06%)
U.S. stockmarkets ended marginally higher last Friday, lifted by gains in banking and insurance shares. The immediate support is located at 21,200.
FBM KLCI: 1,779.90 pts (-3.08pts, -0.17%)
The FBM KLCI (-0.2%) gave up some of its previous session gains in profit taking activities. The immediate resistance is located at 1,800.
Crude Palm Oil: RM2,762 (-RM20, -0.72%)
Crude palm oil prices fell amid the stronger Ringgit against the U.S. Dollar. The immediate resistance is envisaged around RM2,800.
WTI Crude Oil: $47.48 (-$1.61, -3.29%)
Crude oil prices retreated as Hurricane Irma threatens demand. The immediate support is located at US$42
Gold: $1,346.59 (-$2.63, -0.19%)
Gold prices ended marginally lower after failing to close above the US$1,350 resistance level. The immediate resistance will be pegged around US$1,350.
Economic Releases:
MY - Malaysia's Industrial Production, 12.00PM
Bursa Malaysia Trade Statistics - 8Sep17
Institutions: Net SELL 25.7 mln (56.5%)
Retail: Net SELL 20.5 mln (22.8%)
Foreign: Net BUY 46.2 mln (20.7%)
Potential Momentum Stocks - 11Sep17
Stock Name: INSAS (3379)
Entry: Buy above RM1.03
Target: RM1.14 (10.7%), RM1.23 (19.4%)
Stop: RM0.935 (-9.2%)
Shariah: No
Technical: Bullish engulfing candle
Stock Name: ZHULIAN (5131)
Entry: Buy above RM1.71
Target: RM1.78 (4.1%), RM1.85 (8.2%)
Stop: RM1.67 (-2.3%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Source: Bloomberg, M+ Online
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