Dow Jones: 24,024.13 pts (-424.56pts, -1.74%)
Wall Street took a beating overnight as Dow sank 1.7% amid concern over the rising 10-year bond yields that topped the 3.0% mark for the first time in four years. The immediate support is located at 23,200.

FBM KLCI: 1,865.34 pts (-15.02pts, -0.80%)
The FBM KLCI (-0.8%) ended lower for the third straight session amid the extended profit taking in selected large cap stocks the coupled with the weaker Ringgit against the Greenback. The immediate support is located at 1,860.

Crude Palm Oil: RM2,408 (-RM11, -0.46%)
Crude palm oil prices trended lower in tandem with the weakness in soybean oil prices. The immediate support is envisaged around RM2,350.

WTI Crude Oil: $67.70 (-$0.94, -1.37%)
Crude oil prices formed a bearish engulfing candle on unexpected build-up in U.S. inventory level.  The immediate resistance is located at US$70.

Gold: $1,330.35 (+$5.52, +0.42%)
Gold prices rebounded from a three-day losing streak as demand for safe haven assets perks up. The immediate resistance will be pegged around US$1,360.

Bursa Malaysia Trade Statistics - 24 Apr 18
Institutions:  Net BUY 127.0 mln (56.8%)
Retail:  Net BUY 64.4 mln (18.4%)
Foreign:  Net SELL 191.4 mln (24.8%)

Potential Momentum Stocks - 25 Apr 18 
Stock Name: JAKS (4723)
Entry: Buy above RM1.47
Target: RM1.59 (8.2%), RM1.68 (14.3%)
Stop: RM1.40 (-4.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MHB (5186)
Entry: Buy above RM0.80
Target: RM0.865 (8.1%), RM0.90 (12.5%)
Stop: RM0.76 (-5.0%)
Shariah: Yes
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.