Dow Jones: 24,202.60 pts (+669.40pts, +2.84%)
Wall Street started off the week on a firm footing as the Dow (+2.8%) recovered all its previous session losses after U.S. is reported to be in talks with China on trade plans. The immediate resistance is located at 25,000.
FBM KLCI: 1,859.91 pts (-5.31pts, -0.28%)
The FBM KLCI (-0.3%) trimmed its intraday losses yesterday on bargain hunting activities after concern over global trade war fades. The immediate resistance is located at 1,880.
Crude Palm Oil: RM2,434 (+RM6, +0.25%)
Crude palm oil prices advanced, forming a hammer candle after recouping all its intraday losses amid the buoyant export data. The immediate resistance is envisaged around RM2,500.
WTI Crude Oil: $65.55 (-$0.33, -0.50%)
Crude oil prices pullback amid mild profit taking activities. The immediate resistance is located at US$67.
Gold: $1,353.50 (+$6.17, +0.46%)
Gold prices extended its gains after the Greenback weakened against a basket of currencies. The immediate resistance will be pegged around US$1,360.
Economic Releases:
EU - Eurozone's Business Confidence, 5.00PM
Bursa Malaysia Trade Statistics - 26 Mar 18
Institutions: Net BUY 50.3 mln (49.2%)
Retail: Net SELL 10.0 mln (24.4%)
Foreign: Net SELL 40.3 mln (26.4%)
Potential Momentum Stocks - 27 Mar 18
Stock Name: WASEONG (5142)
Entry: Buy above RM1.54
Target: RM1.71 (11.0%), RM1.84 (19.5%)
Stop: RM1.39 (-9.7%)
Shariah: Yes
Technical: Bullish engulfing candle
Stock Name: SAMCHEM (5147)
Entry: Buy above RM1.04
Target: RM1.11 (6.7%), RM1.20 (15.4%)
Stop: RM1.00 (-3.8%)
Shariah: No
Technical: Monitor for trendline breakout
Source: Bloomberg, M+ Online
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