Dow Jones: 23,273.96 pts (-54.67pts, -0.23%)
Despite opening higher at the start of the trading bell, U.S. stockmarkets gave up their intraday gains as the Dow fell 0.2% on weaker-than-expected corporate earnings from General Electrics. The immediate resistance is located at 23,500.
FBM KLCI: 1,741.47 pts (+0.82pts, +0.05%)
The FBM KLCI (+0.1%) ended marginally higher yesterday, lifted by mild bargain hunting activities. The immediate support is located at 1,730.
Crude Palm Oil: RM2,787 (+RM46, +1.68%)
Crude palm oil prices extended its gains to close at five-weeks high on expectation over stronger demand. The immediate resistance is envisaged around RM2,800.
WTI Crude Oil: $51.90 (+$0.43, +0.84%)
Crude oil prices closed higher on optimism over OPEC production cut. The immediate resistance is located at US$55.
Gold: $1,282.27 (+$1.80, +0.14%)
Gold prices ended higher after U.S. Dollar Index retreated from its intraday high. The immediate support will be pegged around US$1,250.
Bursa Malaysia Trade Statistics - 23 Oct 17
Institutions: Net SELL 5.4 mln (56.4%)
Retail: Net BUY 7.7 mln (24.8%)
Foreign: Net SELL 2.3 mln (18.8%)
Potential Momentum Stocks - 24 Oct 17
Stock Name: CENTURY (7117)
Entry: Buy above RM1.18
Target: RM1.28 (8.5%), RM1.32 (11.9%)
Stop: RM1.12 (-5.1%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: INSAS (3379)
Entry: Buy above RM1.02
Target: RM1.07 (4.9%), RM1.14 (11.8%)
Stop: RM0.985 (-3.4%)
Shariah: No
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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