Dow Jones: 23,563.36 pts (+6.13pts, +0.03%)
Despite opening lower at the start of the trading bell, U.S. stockmarkets crept higher as the Dow rose 0.03%, lifted by gains in technology shares. The immediate resistance is located at 23,750.
FBM KLCI: 1,744.20 pts (-6.74pts, -0.38%)
The FBM KLCI (-0.4%) gave up most of its previous session gains yesterday in line with the weakness across key regional indices. The immediate resistance is located at 1,760.
Crude Palm Oil: RM2,820 (+RM35, +1.26%)
Crude palm oil prices advanced in line with gains in soy bean oil prices coupled with concern over potential La Nina weather phenomenon. The immediate resistance is envisaged around RM2,850.
WTI Crude Oil: $56.81 (-$0.39, -0.68%)
Crude oil prices extended their losses on unexpected build-up in stockpiles data. The immediate resistance is located at US$60.
Gold: $1,281.36 (+$6.06, +0.48%)
Gold prices rebounded and continue to trade in a rangebound manner over the past two weeks. The immediate support will be pegged around US$1,250.
Economic Releases:
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
MY - Malaysia's Industrial Production, 12.00PM
MY - Malaysia's Retail Sales, 12.00PM
MY - Malaysia's Bank Negara Interest Rate Decision, 3.00PM
Bursa Malaysia Trade Statistics - 8 Nov 17
Institutions: Net BUY 6.5 mln (56.1%)
Retail: Net BUY 11.5 mln (22.1%)
Foreign: Net SELL 18.0 mln (21.8%)
Potential Momentum Stocks - 9 Nov 17
Stock Name: HLT (0188)
Entry: Buy above RM0.575
Target: RM0.605 (5.2%), RM0.625 (8.7%)
Stop: RM0.555 (-3.5%)
Shariah: Yes
Technical: Consolidation breakout
Stock Name: DRBHCOM (1619)
Entry: Buy above RM1.77
Target: RM1.86 (5.1%), RM1.97 (11.3%)
Stop: RM1.68 (-5.1%)
Shariah: Yes
Technical: Monitor for trendline breakout
Source: Bloomberg, M+ Online
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