[8:46 AM, 1/18/2018] Mplus SS 2: Dow Jones: 26,115.65 pts (+322.79pts, +1.25%)
A series of stronger-than-expected corporate earnings sent U.S. stockmarkets to close at fresh record high levels overnight as the Dow soared above the 26,000 psychological level. The immediate resistance is located at 26,500.
FBM KLCI: 1,828.63 pts (+2.60pts, +0.14%)
The FBM KLCI (+0.1%) extended its gains yesterday, lifted by the eleventh hour buying support in selective index heavyweights. The immediate resistance is located at 1,850.
Crude Palm Oil: RM2,487 (-RM31, -1.23%)
Crude palm oil prices extended its losses as the strong local currency continues to limit gains. The immediate resistance is envisaged around RM2,550.
WTI Crude Oil: $63.97 (+$0.24, +0.38%)
Crude oil prices rebounded on reports over the lower-than-expected inventory level. The immediate resistance is located at US$65.
Gold: $1,326.84 (-$11.57, -0.87%)
Gold prices extended its losses as demand for safe haven assets fell. The immediate resistance will be pegged around US$1,350.
Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
MY - Malaysia's Unemployment Rate, 12.00PM
Bursa Malaysia Trade Statistics - 17 Jan 18
Institutions: Net SELL 36.9 mln (56.5%)
Retail: Net SELL 0.6 mln (24.2%)
Foreign: Net BUY 37.5 mln (19.3%)
Potential Momentum Stocks - 18 Jan 18
Stock Name: BPLANT (5254)
Entry: Buy above RM1.68
Target: RM1.75 (4.2%), RM1.81 (7.7%)
Stop: RM1.65 (-1.8%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: JOHAN (3441)
Entry: Buy above RM0.345
Target: RM0.38 (10.1%), RM0.40 (15.9%)
Stop: RM0.32 (-7.2%)
Shariah: No
Technical: Bullish engulfing candle
Source: Bloomberg, M+ Online
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