Dow Jones: 24,103.11 pts (+254.69pts, +1.07%)
Bargain hunting activities sen U.S. stockmarkets higher as the Dow added 1.1% overnight. The immediate support is located at 23,000.
FBM KLCI: 1,856.35 pts (-1.52pts, -0.08%)
The FBM KLCI (-0.1%) extended its losses, bucking the positive developments across key regional indices. The immediate resistance is located at 1,880.
Crude Palm Oil: RM2,404 (-RM14, -0.58%)
Crude palm oil prices retreated for the third straight session, dragged down by the bumper soyean corp in U.S. The immediate support is envisaged around RM2,400.
WTI Crude Oil: $64.94 (-$0.87, -1.34%)
Crude oil prices retreated for the fourth consecutive day on concern over high inventory level. The immediate resistance is located at US$67.
Gold: $1,325.50 (+$0.49, +0.04%)
Gold prices staged a mild rebound after the U.S. Dollar depreciated against a basket of currencies. The immediate resistance will be pegged around US$1,360.
Economic Releases:
JP - Japan's Unemployment Rate, 7.30AM
Bursa Malaysia Trade Statistics - 29 Mar 18
Institutions: Net SELL 40.1 mln (51.3%)
Retail: Net BUY 0.9 mln (19.6%)
Foreign: Net BUY 39.2 mln (29.1%)
Potential Momentum Stocks - 30 Mar 18
Stock Name: SAMCHEM (5147)
Entry: Buy above RM1.06
Target: RM1.12 (5.7%), RM1.20 (13.2%)
Stop: RM1.00 (-5.7%)
Shariah: No
Technical: Monitor for trendline breakout
Stock Name: CHINHIN (5273)
Entry: Buy above RM1.12
Target: RM1.17 (4.5%), RM1.23 (9.8%)
Stop: RM1.08 (-3.6%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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