Dow Jones: 24,664.89 pts (-83.18pts, -0.34%)
U.S. stockmarkets retreated overnight as the Dow fell 0.3% as investors digest a mixed bag of corporate earnings. The immediate resistance is located at 25,000.
FBM KLCI: 1,895.18 pts (+15.86pts, +0.84%)
The FBM KLCI (+0.8%) was powered to close at a fresh all-time high level yesterday, propelled by the eleventh hour buying support from foreign funds. The immediate resistance is located at 1,900.
Crude Palm Oil: RM2,403 (-RM5, -0.21%)
Crude palm oil prices staged a mild pullback on concern over the production level in April. The immediate support is envisaged around RM2,350.
WTI Crude Oil: $68.29 (-$0.18, -0.26%)
Crude oil prices retreated on concern over rising U.S. shale production. The immediate resistance is located at US$70.
Gold: $1,345.53 (-$3.88, -0.29%)
Gold prices retreated as geopolitical tension in Russia and Middle East eased. The immediate resistance will be pegged around US$1,360.
Bursa Malaysia Trade Statistics - 19 Apr 18
Institutions: Net SELL 405.2 mln (53.8%)
Retail: Net SELL 24.8 mln (19.6%)
Foreign: Net BUY 430.0 mln (26.6%)
Potential Momentum Stocks - 20 Apr 18
Stock Name: MHB (5186)
Entry: Buy above RM0.81
Target: RM0.88 (8.6%), RM0.98 (21.0%)
Stop: RM0.76 (-6.2%)
Shariah: Yes
Technical: Flag-formation breakout
Stock Name: UZMA (7250)
Entry: Buy above RM1.41
Target: RM1.55 (9.9%), RM1.65 (17.0%)
Stop: RM1.35 (-4.3%)
Shariah: Yes
Technical: Consolidation breakout
Source: Bloomberg, M+ Online
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