Dow Jones: 23,461.94 pts (-101.42pts, -0.43%)
U.S. stockmarkets retreated from their all-time high level as the Dow slipped 0.4% after the Senate revealed that tax plan would delay cuts to the corporate rate until 2019. The immediate resistance is located at 23,750.
FBM KLCI: 1,746.81 pts (+2.61pts, +0.15%)
The FBM KLCI (+0.2%) rebounded yesterday after Bank Negara kept the overnight policy rate (OPR) unchanged at 3.0%. The immediate resistance is located at 1,760.
Crude Palm Oil: RM2,809 (-RM11, -0.39%)
Crude palm oil prices retreated on stronger Ringgit against the Greenback coupled with speculation of decline in November exports. The immediate resistance is envisaged around RM2,850.
WTI Crude Oil: $57.17 (+$0.36, +0.63%)
Crude oil prices ended higher after Saudi Arabia cuts export to all the countries in the region next month. The immediate resistance is located at US$60.
Gold: $1,285.07 (+$3.71, +0.29%)
Gold prices extended its gains but remain in the consolidation mode. The immediate support will be pegged around US$1,250.
Bursa Malaysia Trade Statistics - 9 Nov 17
Institutions: Net BUY 32.9 mln (59.5%)
Retail: Net SELL 4.5 mln (21.3%)
Foreign: Net SELL 28.4 mln (19.2%)
Potential Momentum Stocks - 10 Nov 17
Stock Name: KGB (0151)
Entry: Buy above RM0.685
Target: RM0.75 (9.5%), RM0.80 (16.8%)
Stop: RM0.655 (-4.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: POHKONG (7080)
Entry: Buy above RM0.65
Target: RM0.725 (11.5%), RM0.75 (15.4%)
Stop: RM0.61 (-6.2%)
Shariah: Yes
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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