Dow Jones: 26,214.60 pts (+142.88pts, +0.55%)
U.S. stockmarkets extended its gains as the Dow gained 0.6% after recouping all its intraday losses after members of the Senate reached a short-term agreement to keep the government open through early February 2018. The immediate resistance is located at 26,500.

FBM KLCI: 1,833.15 pts (+4.32pts, +0.24%)
The FBM KLCI (+0.2%) extended its gains yesterday in tandem with the positive developments across key regional indices. The immediate resistance is located at 1,850.

Crude Palm Oil: RM2,475 (+RM30, +1.23%)
Crude palm oil prices halted a streak of four days losses on expectation over improved demand. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $63.57 (+$0.20, +0.32%)
Crude oil prices closed higher as expectation over the earlier-than-expected market rebalancing. The immediate resistance is located at US$65.

Gold: $1,333.92 (+$2.08, +0.16%)
Gold prices edged marginally higher on risk over a potential shutdown in U.S. government. The immediate resistance will be pegged around US$1,350.

Bursa Malaysia Trade Statistics - 22 Jan 18
Institutions:  Net SELL 162.8 mln (51.5%)
Retail:  Net SELL 27.0 mln (29.3%)
Foreign:  Net BUY 189.8 mln (19.2%)

Potential Momentum Stocks - 23 Jan 18 
Stock Name: INTA (0192)
Entry: Buy above RM0.375
Target: RM0.40 (6.7%), RM0.42 (12.0%)
Stop: RM0.355 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: KGB (0151)
Entry: Buy above RM0.82
Target: RM0.90 (9.8%), RM0.95 (15.9%)
Stop: RM0.79 (-3.7%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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