Dow Jones: 24,962.48 pts (+164.70pts, +0.66%)
U.S. stockmarkets advanced overnight as the Dow (+0.7%) rose after concern over the rising interest rate diminished. The immediate resistance is located at 25,500.

FBM KLCI: 1,855.07 pts (-3.10pts, -0.17%)
Following the weakness in Wall Street overnight, the FBM KLCI erased all its previous session gains to close at 1,858.17 pts yesterday. The immediate resistance is located at 1,870.

Crude Palm Oil: RM2,488 (-RM1, -0.04%)
Crude palm oil prices retreated as concern over the potential slowdown in exports continues to linger. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $62.77 (+$1.09, +1.76%)
Crude oil prices rebounded on the unexpected decline in U.S. inventory level. The immediate resistance is located at US$63.

Gold: $1,332.05 (+$7.42, +0.56%)
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 - 22 Feb 18
Institutions:  Net BUY 46.8 mln (56.1%)
Retail:  Net SELL 16.0 mln (20.8%)
Foreign:  Net SELL 30.8 mln (23.1%)

Potential Momentum Stocks - 23 Feb 18 
Stock Name: FRONTKN (0128)
Entry: Buy above RM0.455
Target: RM0.495 (8.8%), RM0.525 (15.4%)
Stop: RM0.42 (-7.7%)
Shariah: Yes
Technical: Resistance breakout

Stock Name: EMETALL (7217)
Entry: Buy above RM0.765
Target: RM0.815 (6.5%), RM0.865 (13.1%)
Stop: RM0.745 (-2.6%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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