Dow Jones: 24,408.00 pts (+428.90pts, +1.79%)
U.S. stockmarkets extended their gains as the Dow surged 1.8% overnight on signs of positive developments between China and U.S. trade spat. The immediate resistance is located at 25,000.
FBM KLCI: 1,860.98 pts (+11.27pts, +0.61%)
The FBM KLCI (+0.6%) rose for fourth consecutive session in tandem gains across regional stockmarkets. The immediate resistance is located at 1,880.
Crude Palm Oil: RM2,433 (-RM31, -1.26%)
Crude palm oil prices extended its losses amid the increase output in March 2018. The immediate support is envisaged around RM2,400.
WTI Crude Oil: $65.51 (+$2.09, +3.30%)
Crude oil prices formed a flag formation breakout amid the easing concern over trade war between U.S. and China. The immediate resistance is located at US$67.
Gold: $1,339.64 (+$3.29, +0.25%)
Gold prices extended its gains as the U.S. Dollar continues to retreat against a basket of currencies. The immediate resistance will be pegged around US$1,360.
Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
CN - China's Producer Price Index, 9.30AM
CN - China's Inflation Rate, 9.30AM
MY - Malaysia's Industrial Production, 12.00PM
UK - United Kingdom's Industrial Production, 4.30PM
UK - United Kingdom's Manufacturing Production, 4.30PM
US - United States' Inflation Rate, 8.30PM
Bursa Malaysia Trade Statistics - 10 Apr 18
Institutions: Net SELL 86.4 mln (51.2%)
Retail: Net SELL 44.6 mln (24.2%)
Foreign: Net BUY 131.0 mln (24.6%)
Potential Momentum Stocks - 11 Apr 18
Stock Name: MUHIBAH (5703)
Entry: Buy above RM3.07
Target: RM3.35 (9.1%), RM3.52 (14.7%)
Stop: RM2.92 (-4.9%)
Shariah: Yes
Technical: Trendline breakout
Stock Name: AAX (5238)
Entry: Buy above RM0.385
Target: RM0.42 (9.1%), RM0.45 (16.9%)
Stop: RM0.365 (-5.2%)
Shariah: Yes
Technical: Monitor for trendline breakout
Source: Bloomberg, M+ Online
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