Dow Jones: 22,557.60 pts (+152.51pts, +0.68%)
U.S. stockmarkets rallied overnight as the Dow rose 0.7%, anchored by the solid manufacturing data that risen to 60.8 in September 2017- the fastest pace in 13 years. The immediate resistance is located at 22,800.
FBM KLCI: 1,754.78 pts (-0.80pts, -0.05%)
The FBM KLCI (-0.1%) started off the week on a soft note owing to the weak Nikkei Manufacturing data in September 2017. The immediate support is located at 1,750.
Crude Palm Oil: RM2,666 (-RM29, -1.08%)
Crude palm oil prices extended its losses yesterday, taking cue from the weakness in soybean oil prices. The immediate support is envisaged around RM2,600.
WTI Crude Oil: $50.58 (-$1.09, -2.11%)
Crude oil prices fell after OPEC's output increased in September 2017. The immediate resistance is located at US$52.
Gold: $1,271.13 (-$8.62, -0.67%)
Gold prices extended its losses as demand for safe haven assets fades. The immediate support will be pegged around US$1,250.
Economic Releases:
EU - Eurozone's Producer Price Index, 5.00PM
Bursa Malaysia Trade Statistics - 2 Oct 17
Institutions: Net BUY 95.7 mln (55.5%)
Retail: Net SELL 16.5 mln (20.7%)
Foreign: Net SELL 79.2 mln (23.8%)
Potential Momentum Stocks - 3 Oct 17
Stock Name: BKOON (7187)
Entry: Buy above RM0.51
Target: RM0.545 (6.9%), RM0.58 (13.7%)
Stop: RM0.49 (-3.9%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: KSL (5038)
Entry: Buy above RM1.27
Target: RM1.33 (4.7%), RM1.40 (10.2%)
Stop: RM1.23 (-3.1%)
Shariah: Yes
Technical: Consolidation breakout
Source: Bloomberg, M+ Online
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