Dow Jones: 22,370.80 pts (+39.45pts, +0.18%)
U.S. stockmarkets extended their gains overnight as the Dow (+0.2%) registered its eighth consecutive winning streak to close at fresh record high. The immediate resistance is located at 22,500.
FBM KLCI: 1,776.66 pts (-7.00pts, -0.39%)
The FBM KLCI (-0.4%) extended its losses yesterday as investors were cautious ahead of the two-day U.S. FOMC meeting. The immediate resistance is located at 1,800.
Crude Palm Oil: RM2,767 (-RM38, -1.35%)
Crude palm oil prices ended lower for the fourth straight session on sluggish demand ahead of the festive season. The immediate support is envisaged around RM2,800.
WTI Crude Oil: $49.48 (-$0.43, -0.87%)
Crude oil prices retreated after rejecting the US$50 per barrel level. The immediate resistance is located at US$50.
Gold: $1,311.15 (+$3.71, +0.28%)
Gold prices ended higher after the U.S. Dollar weakened against a basket of currencies. The immediate resistance will be pegged around US$1,350.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
US - United States' Existing Home Sales, 10.00PM
Bursa Malaysia Trade Statistics - 19Sep17
Institutions: Net BUY 47.1 mln (59.3%)
Retail: Net BUY 45.5 mln (20.8%)
Foreign: Net SELL 92.6 mln (19.9%)
Potential Momentum Stocks - 20Sep17
Stock Name: FPI (9172)
Entry: Buy above RM1.21
Target: RM1.35 (11.6%), RM1.40 (15.7%)
Stop: RM1.14 (-5.8%)
Shariah: Yes
Technical: Bullish engulfing candle
Stock Name: OCK (0172)
Entry: Buy above RM0.93
Target: RM0.985 (5.9%), RM1.00 (7.5%)
Stop: RM0.885 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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