[5:30 PM, 3/15/2018] Mplus SS 2: FBM KLCI: 1,845.27 pts (-11.79pts, -0.63%)
The FBM KLCI continued to slide for the second consecutive day, as fears of a potential trade war lingered in the background, further exacerbated by selling-pressure in Nestle. Market breadth remained negative with 514 decliners vs 411 advancers, while 400 stocks flatlined. Notable losers include banking stocks like Hong Leong Bank (-52.0 sen), Hong Leong Financial Group (-36.0 sen) and RHB Bank (-14.0 sen).

Top 3 Active stocks:
SAPNRG (5218): RM0.49 (+8.0 sen)
UMWOG (5243): RM0.32 (+2.0 sen)
YFG (7122): RM0.005 (-1.5 sen)

Volume: 2.88 bln (100-day avg vol: 2.93 bln)
Value: RM2.47 bln
Market Breadth: ?:411 ?:514
Crude palm oil: RM2,433 (-RM7)
Dow Futures: 24,878 pts (+90 pts)

Source: Bloomberg, M+ Online
[7:26 AM, 3/16/2018] Mplus SS 2: M+ Online Morning Buzz - 16 Mar 18

Dow Jones: 24,873.66 pts (+115.54pts, +0.47%)
U.S. stockmarkets finished mixed overnight as the Dow (+0.5%) advanced on optimism over the appointment of Larry Kudlow as the country's top economic adviser but the S&P 500 fell 0.1%. The immediate resistance is located at 25,500.

FBM KLCI: 1,845.27 pts (-11.79pts, -0.63%)
The FBM KLCI (-0.6%) extended its losses yesterday, dragged down by weakness in selected banking and telco heavyweights. The immediate support is located at 1,840.

Crude Palm Oil: RM2,441 (+RM5, +0.21%)
Crude palm oil prices closed marginally higher after recovering all of its intraday losses. The immediate support is envisaged around RM2,350.

WTI Crude Oil: $61.19 (+$0.23, +0.38%)
Crude oil prices march higher for the second day on optimism over the prospects of market rebalancing. The immediate resistance is located at US$63.

Gold: $1,316.10 (-$8.75, -0.66%)
Gold prices extended its losses after the Greenback appreciated against a basket of currencies. The immediate support will be pegged around US$1,300.

Economic Releases:
EU - Eurozone's Inflation Rate, 6.00PM
US - United States' Manufacturing Production, 9.15PM
US - United States' Industrial Production, 9.15PM

Bursa Malaysia Trade Statistics - 15 Mar 18
Institutions:  Net BUY 42.2 mln (58.0%)
Retail:  Net SELL 20.2 mln (21.9%)
Foreign:  Net SELL 22.0 mln (20.1%)

Potential Momentum Stocks - 16 Mar 18 
Stock Name: WPRTS (5246)
Entry: Buy above RM3.73
Target: RM4.06 (8.8%), RM4.19 (12.3%)
Stop: RM3.40 (-8.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MBSB (1171)
Entry: Buy above RM1.19
Target: RM1.26 (5.9%), RM1.31 (10.1%)
Stop: RM1.15 (-3.4%)
Shariah: No
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.