Dow Jones: 23,590.83 pts (+160.50pts, +0.69%)
U.S. stockmarkets extended their gains to close at fresh record high levels as the Dow added 0.7%, buoyed by gains in Apple Inc (+1.9%), whilst the S&P 500 closed marginally below the 2,600 psychological level. The immediate resistance is located at 23,750.
FBM KLCI: 1,720.68 pts (+2.32pts, +0.14%)
The FBM KLCI (+0.1%) edged marginally higher, in tandem with gains across key regional indices. The immediate resistance is located at 1,730.
Crude Palm Oil: RM2,622 (-RM6, -0.23%)
Crude palm oil prices extended its losses amid the stronger Ringgit against the Greenback. The immediate support is envisaged around RM2,600.
WTI Crude Oil: $56.83 (+$0.74, +1.33%)
Crude oil prices rebounded on expectation over tighter U.S. crude stockpiles. The immediate resistance is located at US$60.
Gold: $1,280.61 (+$3.69, +0.29%)
Gold prices rebounded but continue to trade in a rangebound manner. The immediate support will be pegged around US$1,250.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
Bursa Malaysia Trade Statistics - 21 Nov 17
Institutions: Net SELL 24.1 mln (60.6%)
Retail: Net BUY 24.4 mln (19.4%)
Foreign: Net SELL 0.3 mln (20.0%)
Potential Momentum Stocks - 22 Nov 17
Stock Name: SEM (5250)
Entry: Buy above RM1.57
Target: RM1.63 (3.8%), RM1.75 (11.5%)
Stop: RM1.50 (-4.5%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout
Stock Name: BKOON (7187)
Entry: Buy above RM0.54
Target: RM0.565 (4.6%), RM0.58 (7.4%)
Stop: RM0.52 (-3.7%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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