Dow Jones: 24,700.21 pts (-287.26pts, -1.15%)
U.S. stockmarkets extended their losses overnight as the Dow (-1.2%) registered its sixth straight session of decline after U.S. President Donald Trump is imposing an additional US$200.0 bln in tariffs on China goods. The immediate support is located at 24,500.

FBM KLCI: 1,715.36 pts (-28.07pts, -1.61%)
The FBM KLCI (-1.6%) recorded its seventh consecutive losing streak, dragged down by the escalated trade tension between U.S. and China coupled with the uninterrupted foreign fund outflow. The immediate support is located at 1,710.

Crude Palm Oil: RM2,263 (-RM44, -1.91%)
Crude palm oil prices sank to its lowest level since July 2016, on trade spat on trade spat between U.S. and China coupled with weaker export. The immediate support is envisaged around RM2,200.

WTI Crude Oil: $65.07 (-$0.78, -1.19%)
Crude oil prices retreated alongside with major commodities, dragged down by trade dispute between the two world largest economic powerhouses. The immediate support is located at US$62.

Gold: $1,274.66 (-$3.66, -0.29%)
Gold prices extended its losses for the third straight day after the U.S. Dollar continue to gain momentum against a basket of currencies. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 19 Jun 18
Institutions:  Net BUY 458.7 mln (46.5%)
Retail:  Net BUY 96.3 mln (18.4%)
Foreign:  Net SELL 555.0 mln (35.1%)

Potential Momentum Stocks - 20 Jun 18 
Stock Name: SCGM (7247)
Entry: Buy above RM1.78
Target: RM2.05 (15.2%), RM2.22 (24.7%)
Stop: RM1.59 (-10.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: ELSOFT (0090)
Entry: Buy above RM2.65
Target: RM2.79 (5.3%), RM2.95 (11.3%)
Stop: RM2.56 (-3.4%)
Shariah: yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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