Dow Jones: 25,410.03 pts (-299.24pts, -1.16%)
U.S. stockmarkets reversed their intraday gains as the Dow sank 1.2%, amid the hawkish Federal Reserve tone on interest rate decision. The immediate resistance is located at 26,000.
FBM KLCI: 1,871.46 pts (+11.38pts, +0.61%)
The FBM KLCI (+0.6%) rallied yesterday alongside with the positive sentiment across Wall Street. The immediate resistance is located at 1,870.
Crude Palm Oil: RM2,542 (+RM2, +0.08%)
Crude palm oil prices advanced for the third straight session on gains in soybean oil prices. The immediate resistance is envisaged around RM2,550.
WTI Crude Oil: $63.01 (-$0.90, -1.40%)
Crude oil prices retreated after U.S. inventory level increased. The immediate resistance is located at US$67.
Gold: $1,318.36 (-$15.32, -1.15%)
Gold prices retreated after the U.S. Dollar appreciated against a basket of currencies. The immediate support will be pegged around US$1,300.
Economic Releases:
JP - Japan's Retail Sales, 7.50AM
MY - Malaysia's Producer Price Index, 12.00PM
MY - Malaysia's Inflation Rate, 12.00PM
Bursa Malaysia Trade Statistics - 27 Feb 18
Institutions: Net SELL 204.4 mln (57.2%)
Retail: Net SELL 2.2 mln (18.4%)
Foreign: Net BUY 206.6 mln (24.4%)
Potential Momentum Stocks - 28 Feb 18
Stock Name: SKPRES (7155)
Entry: Buy above RM1.94
Target: RM2.14 (10.3%), RM2.35 (21.1%)
Stop: RM1.82 (-6.2%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: MBSB (1171)
Entry: Buy above RM1.25
Target: RM1.34 (7.2%), RM1.38 (10.4%)
Stop: RM1.19 (-4.8%)
Shariah: No
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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