Dow Jones: 23,271.28 pts (-138.19pts, -0.59%)
U.S. stockmarkets trended lower overnight as the Dow (-0.6%), dragged down by uncertainty over the proposed tax cuts coupled with renewed weakness in commodity prices. The immediate support is located at 23,000.
FBM KLCI: 1,722.99 pts (-10.62pts, -0.61%)
Once again, the FBM KLCI (-0.6%) ended in the negative territory in tandem with the weakness across global stockmarkets. The immediate support is located at 1,700.
Crude Palm Oil: RM2,732 (-RM5, -0.18%)
Crude palm oil prices extended its losses as the stronger Ringgit against the U.S. Dollars limit gains. The immediate resistance is envisaged around RM2,800.
WTI Crude Oil: $55.33 (-$0.37, -0.66%)
Crude oil prices closed lower amid the unexpected build-up in U.S. inventory data. The immediate resistance is located at US$60.
Gold: $1,278.14 (-$2.11, -0.16%)
Gold prices ended lower as its remains in the consolidation band. The immediate support will be pegged around US$1,250.
Economic Releases:
UK - United Kingdom's Retail Sales, 5.30PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Industrial Production, 10.15PM
Bursa Malaysia Trade Statistics - 15 Nov 17
Institutions: Net BUY 76.9 mln (56.2%)
Retail: Net BUY 32.8 mln (19.4%)
Foreign: Net SELL 109.7 mln (24.4%)
Potential Momentum Stocks - 16 Nov 17
Stock Name: ELSOFT (0090)
Entry: Buy above RM2.62
Target: RM2.78 (6.1%), RM2.95 (12.6%)
Stop: RM2.50 (-4.6%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: SUPERMX (7106)
Entry: Buy above RM1.93
Target: RM2.06 (6.7%), RM2.150 (11.4%)
Stop: RM1.83 (-5.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation
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.
Chart | Stock Name | Last | Change | Volume |
---|