Dow Jones: 24,774.30 pts (+28.09pts, +0.11%)
U.S. stockmarkets rebounded as the Dow gained 0.1% on gains in healthcare and technology stocks but trading activity was muted in the holiday-shortened week. The immediate resistance is located at 25,000.
FBM KLCI: 1,771.76 pts (+11.77pts, +0.67%)
The FBM KLCI (+0.7%) advanced yesterday, buoyed by the window dressing activities by foreign funds. The immediate resistance is located at 1,790.
Crude Palm Oil: RM2,538 (+RM38, +1.52%)
Crude palm oil prices extended its gains on improved demand outlook. The immediate resistance is envisaged around RM2,550.
WTI Crude Oil: $59.64 (-$0.33, -0.55%)
Crude oil prices ended lower on reports that restoration of Libya pipeline will take approximately one week. The immediate resistance is located at US$60.
Gold: $1,287.18 (+$4.08, +0.32%)
Gold prices recorded its fifth straight session of gains to close at one-month high after the U.S. Dollar weakened against a basket of currencies. The immediate resistance will be pegged around US$1,300.
Economic Releases:
JP - Japan's Retail Sales, 7.50AM
Bursa Malaysia Trade Statistics - 27 Dec 17
Institutions: Net SELL 36.5 mln (60.4%)
Retail: Net SELL 7.8 mln (27.4%)
Foreign: Net BUY 44.3 mln (12.2%)
Potential Momentum Stocks - 28 Dec 17
Stock Name: EFFICIEN (0034)
Entry: Buy above RM0.335
Target: RM0.355 (6.0%), RM0.375 (11.9%)
Stop: RM0.32 (-4.5%)
Shariah: No
Technical: Monitor for breakout
Stock Name: WCEHB (3565)
Entry: Buy above RM1.19
Target: RM1.27 (6.7%), RM1.33 (11.8%)
Stop: RM1.15 (-3.4%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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