Dow Jones: 25,792.86 pts (-10.33pts, -0.04%)
U.S. stockmarkets edged lower overnight as the Dow slipped 0.04% on weakness in commodity shares. The immediate resistance is located at 26,000.
FBM KLCI: 1,826.03 pts (+0.12pts, +0.01%)
Tracking the positive developments across regional indices, the FBM KLCI (+0.01%) managed to eke out marginal gains yesterday. The immediate resistance is located at 1,850.
Crude Palm Oil: RM2,518 (-RM38, -1.49%)
Crude palm oil prices retreated as gains were limited by the stronger Ringgit against the Greenback. The immediate resistance is envisaged around RM2,600.
WTI Crude Oil: $63.73 (-$0.57, -0.89%)
Crude oil prices halted a six straight session of wins after hitting the US$65 per barrel. The immediate resistance is located at US$65.
Gold: $1,338.41 (-$1.58, -0.12%)
Gold prices retreated amid the stronger U.S. Dollar against the Greenback. The immediate resistance will be pegged around US$1,350.
Economic Releases:
JP - Japan's Industrial Production, 12.30PM
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Industrial Production, 10.15PM
Bursa Malaysia Trade Statistics - 16 Jan 18
Institutions: Net SELL 253.5 mln (51.9%)
Retail: Net BUY 26.3 mln (30.1%)
Foreign: Net BUY 227.2 mln (18.0%)
Potential Momentum Stocks - 17 Jan 18
Stock Name: N2N (0108)
Entry: Buy above RM1.01
Target: RM1.14 (12.9%), RM1.20 (18.8%)
Stop: RM0.95 (-5.9%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: SUPERMX (7106)
Entry: Buy above RM2.31
Target: RM2.49 (7.8%), RM2.60 (12.6%)
Stop: RM2.16 (-6.5%)
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 |
---|