Dow Jones: 23,957.89 pts (-724.42pts, -2.93%)
Wall Street took a beating overnight as the Dow (-2.9%) sank below the 24,000 psychological level on renewed concern over potential trade war after U.S. President Donal Trump plans to impose US$50.0 bln worth tariffs from over 100 types of products against China. The immediate support is located at 23,300.

FBM KLCI: 1,876.87 pts (+11.07pts, +0.59%)
The FBM KLCI (+0.6%) advanced for the fifth straight session yesterday as the key index closed at its highest level since 2014. The immediate resistance is located at 1,880.

Crude Palm Oil: RM2,448 (+RM2, +0.08%)
Crude palm oil prices trended marginally higher despite the government resumes CPO export tax at 5% from April 2018. The immediate resistance is envisaged around RM2,500.

WTI Crude Oil: $64.30 (-$0.87, -1.33%)
Crude oil prices retreated as Trump's tariff sparks concern over trade war. The immediate resistance is located at US$67.

Gold: $1,329.03 (-$3.21, -0.24%)
Gold prices retreated amid mild profit taking activities. The immediate support will be pegged around US$1,300.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
US - United States' New Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 22 Mar 18
Institutions:  Net SELL 90.8 mln (54.8%)
Retail:  Net SELL 21.4 mln (21.7%)
Foreign:  Net BUY 112.2 mln (23.5%)

Potential Momentum Stocks - 23 Mar 18 
Stock Name: HSSEB (0185)
Entry: Buy above RM1.49
Target: RM1.67 (12.1%), RM1.74 (16.8%)
Stop: RM1.37 (-8.1%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: DELEUM (5132)
Entry: Buy above RM1.13
Target: RM1.19 (5.3%), RM1.28 (13.3%)
Stop: RM1.09 (-3.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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