Dow Jones: 24,797.78 pts (-166.97pts, -0.67%)
The eleventh hour selling pressure sent U.S. stockmarkets to erase all their intraday gains as the Dow (-0.7%) extended its losses overnight on concern over the prospect of faster-than-expected interest rate hikes. The immediate resistance is located at 25,500.

FBM KLCI: 1,858.17 pts (+2.18pts, +0.12%)
Despite opening lower at the start of the trading bell, the FBM KLCI (+0.1%) managed to recoup all its intraday losses to climb marginally higher in tandem with the positive sentiment across key regional indices. The immediate resistance is located at 1,870.

Crude Palm Oil: RM2,489 (+RM4, +0.16%)
Crude palm oil prices advanced but gains were limited on concern over the potential slow exports. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $61.68 (-$0.22, -0.35%)
Crude oil prices retreated on the increasing U.S. inventory level that offset the cut in OPEC supply. The immediate resistance is located at US$63.

Gold: $1,324.63 (-$4.56, -0.34%)
Gold prices extended its losses after the U.S. Dollar advanced against a basket of currencies. The immediate support will be pegged around US$1,300.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM

Bursa Malaysia Trade Statistics - 21 Feb 18
Institutions:  Net SELL 14.6 mln (55.6%)
Retail:  Net BUY 37.5 mln (20.8%)
Foreign:  Net SELL 22.9 mln (23.6%)

Potential Momentum Stocks - 22 Feb 18 
Stock Name: JOHOTIN (7167)
Entry: Buy above RM1.26
Target: RM1.38 (9.5%), RM1.42 (12.7%)
Stop: RM1.16 (-7.9%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: MBSB (1171)
Entry: Buy above RM1.26
Target: RM1.35 (7.1%), RM1.38 (9.5%)
Stop: RM1.19 (-5.6%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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