Dow Jones: 25,709.27 pts (+399.28pts, +1.58%)
U.S. stockmarkets advanced for the third straight session as the Dow rose 1.6% overnight, led by the rally in technology shares like Apple Inc (+2.0%), Intel Corporation (+2.9%) and Microsoft Corporation (+1.5%). The immediate resistance is located at 26,000.
FBM KLCI: 1,860.08 pts (-1.42pts, -0.08%)
Last minute selling pressure in selective index heavyweights sent the FBM KLCI (-0.1%) into the red yesterday. The immediate resistance is located at 1,870.
Crude Palm Oil: RM2,540 (+RM17, +0.67%)
Crude palm oil prices extended their gains in tandem with the rising soybean oil prices. The immediate resistance is envisaged around RM2,550.
WTI Crude Oil: $63.91 (+$0.36, +0.57%)
Crude oil prices trended higher on expectation over robust demand. The immediate resistance is located at US$67.
Gold: $1,333.68 (+$4.97, +0.37%)
Gold prices advanced ahead of U.S. Federal Reserve Jerome Powell's congressional testimony on monetary policy direction. The immediate support will be pegged around US$1,300.
Bursa Malaysia Trade Statistics - 26 Feb 18
Institutions: Net SELL 58.5 mln (57.9%)
Retail: Net BUY 28.6 mln (21.3%)
Foreign: Net BUY 29.9 mln (20.8%)
Potential Momentum Stocks - 27 Feb 18
Stock Name: KPS (5843)
Entry: Buy above RM1.34
Target: RM1.40 (4.5%), RM1.43 (6.7%)
Stop: RM1.29 (-3.7%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: MUHIBAH (5703)
Entry: Buy above RM2.46
Target: RM2.64 (7.3%), RM2.80 (13.8%)
Stop: RM2.32 (-5.7%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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