Dow Jones: 24,746.21 pts (-7.85pts, -0.03%)
U.S. stockmarkets drifted lower overnight as the Dow declined 0.03% on a lacklustre trading day post-Christmas break. The immediate resistance is located at 24,750.
FBM KLCI: 1,759.99 pts (-0.25pts, -0.01%)
The FBM KLCI (-0.01%) halted a three consecutive session of decline but managed to trim most of its intraday losses yesterday. The immediate resistance is located at 1,770.
Crude Palm Oil: RM2,500 (+RM49, +2.00%)
Crude palm oil prices staged a sharp recovery on improved export demand in December 2017. The immediate support is envisaged around RM2,400.
WTI Crude Oil: $59.97 (+$1.50, +2.56%)
Crude oil prices rallied after an explosion occurred on a crude pipeline in Libya that estimated a loss of 90,000 bpd. The immediate resistance is located at US$60.
Gold: $1,283.10 (+$8.94, +0.70%)
Gold prices rose for the fourth straight day on concern over the U.S. new tax plan could add pressure to the government debt. The immediate resistance will be pegged around US$1,300.
Bursa Malaysia Trade Statistics - 26 Dec 17
Institutions: Net SELL 14.9 mln (62.3%)
Retail: Net SELL 0.0 mln (26.7%)
Foreign: Net BUY 14.9 mln (11.0%)
Potential Momentum Stocks - 27 Dec 17
Stock Name: INSAS (3379)
Entry: Buy above RM0.955
Target: RM0.99 (3.7%), RM1.02 (6.8%)
Stop: RM0.925 (-3.1%)
Shariah: Yes
Technical: Trendline breakout
Stock Name: GCB (5102)
Entry: Buy above RM2.10
Target: RM2.30 (9.5%), RM2.40 (14.3%)
Stop: RM1.98 (-5.7%)
Shariah: Yes
Technical: Monitor for breakout
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 |
---|