Dow Jones: 22,284.32 pts (-11.77pts, -0.05%)
U.S. stockmarkets closed mixed overnight as the Dow slipped 0.1% after erasing all its intraday gains on weaker-than-expected new home sales data in August 2017 but the S&P 500 added 0.01%. The immediate resistance is located at 22,500.

FBM KLCI: 1,765.59 pts (-3.55pts, -0.20%)
The FBM KLCI (-0.2%) drifted lower yesterday as foreign funds continue to offload Malaysian equities. The immediate support is located at 1,760.

Crude Palm Oil: RM2,749 (+RM58, +2.16%)
Crude palm oil prices halted a seventh consecutive session of decline on bargain hunting activities. The immediate support is envisaged around RM2,600.

WTI Crude Oil: $51.88 (-$0.34, -0.65%)
Crude oil prices ended marginally lower but managed to recoup most of its intraday losses on unexpected decline in U.S. weekly inventory. The immediate resistance is located at US$55.

Gold: $1,293.98 (-$16.80, -1.28%)
Gold prices reversed all its previous session gains after the U.S. Federal Reserve warns of tightening monetary policy too quickly. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 26Sep17
Institutions:  Net BUY 198.1 mln (52.8%)
Retail:  Net BUY 56.7 mln (20.5%)
Foreign:  Net SELL 254.8 mln (26.7%)

Potential Momentum Stocks - 27Sep17 
Stock Name: GBGAQRS (5226)
Entry: Buy above RM1.67
Target: RM1.74 (4.2%), RM1.80 (7.8%)
Stop: RM1.63 (-2.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: MASTER (7029)
Entry: Buy above RM0.67
Target: RM0.755 (12.7%), RM0.855 (27.6%)
Stop: RM0.62 (-7.5%)
Shariah: Yes
Technical: Flag-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.