Dow Jones: 24,357.32 pts (+94.81pts, +0.39%)
U.S. stockmarkets extended their gains overnight as the Dow added 0.4%, boosted by gains in energy and technology shares. The immediate resistance is located at 25,000.

FBM KLCI: 1,828.20 pts (-13.63pts, -0.74%)
The FBM KLCI (-0.7%) trended lower for the fourth straight session as foreign funds continue to unwind their position on the local stockmarket ahead of Malaysia's 14th General Election. The immediate support is located at 1,810.

Crude Palm Oil: RM2,383 (+RM43, +1.84%)
Crude palm oil prices extended its gains on bargain hunting activities coupled with the weaker Ringgit against the U.S. Dollars. The immediate support is envisaged around RM2,300.

WTI Crude Oil: $70.73 (+$1.01, +1.43%)
Crude oil prices advanced for the fourth straight session to close above the US$70 per barrel level on speculation over renewed sanction on Iran from U.S.  The immediate resistance is located at US$70.

Gold: $1,314.21 (-$0.29, -0.02%)
Gold prices retreated after the Greenback appreciated against a basket of currencies. The immediate resistance will be pegged around US$1,360.

Bursa Malaysia Trade Statistics - 7 May 18
Institutions:  Net BUY 330.0 mln (61.5%)
Retail:  Net SELL 56.4 mln (15.8%)
Foreign:  Net SELL 273.6 mln (22.7%)

Potential Momentum Stocks - 8 May 18 
Stock Name: YINSON (7293)
Entry: Buy above RM4.15
Target: RM4.40 (6.0%), RM4.60 (10.8%)
Stop: RM4.00 (-3.6%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: UZMA (7250)
Entry: Buy above RM1.42
Target: RM1.55 (9.2%), RM1.65 (16.2%)
Stop: RM1.35 (-4.9%)
Shariah: Yes
Technical: Monitor for 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.