Dow Jones: 22,661.64 pts (+19.97pts, +0.09%)
U.S. stockmarkets inched higher as the Dow added 0.1% overnight, spurred by the ISM Non-Manufacturing data that rose to 59.8 in September 2017 - the highest since August 2005. The immediate resistance is located at 22,800.

FBM KLCI: 1,761.84 pts (+2.17pts, +0.12%)
The FBM KLCI (+0.1%) extended its gains yesterday on bargain hunting activities following the recent sell-down. The immediate support is located at 1,750.

Crude Palm Oil: RM2,715 (+RM32, +1.19%)
Tracking the higher soybean oil prices overnight, crude palm oil prices extended its gains to close above the RM2,700 psychological level. The immediate support is envisaged around RM2,600.

WTI Crude Oil: $49.98 (-$0.44, -0.87%)
Crude oil prices ended lower for the fourth straight session amid the record high U.S. crude exports. The immediate resistance is located at US$52.

Gold: $1,274.85 (+$3.19, +0.25%)
Gold prices rebounded amid the political uncertainty in Spain. The immediate support will be pegged around US$1,250.

Bursa Malaysia Trade Statistics - 4 Oct 17
Institutions:  Net BUY 21.2 mln (61.0%)
Retail:  Net SELL 11.9 mln (22.8%)
Foreign:  Net SELL 9.3 mln (16.2%)

Potential Momentum Stocks - 5 Oct 17 
Stock Name: KRONO (0176)
Entry: Buy above RM0.98
Target: RM1.06 (8.2%), RM1.13 (15.3%)
Stop: RM0.92 (-6.1%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: MIECO (5001)
Entry: Buy above RM1.17
Target: RM1.22 (4.3%), RM1.30 (11.1%)
Stop: RM1.14 (-2.6%)
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.