Dow Jones: 25,790.35 pts (+133.37pts, +0.52%)
U.S. stockmarkets trended higher last Friday as the Dow gained 0.5% after the U.S. Federal Reserve signalled that the pace of future interest rates rise will be moderate, while the S&P 500 (+0.6%) closed a fresh record high level. The immediate resistance is located at 25,800.

FBM KLCI: 1,808.59 pts (-2.28pts, -0.13%)
The FBM KLCI (-0.1%) halted a four-day winning streak, on profit taking activities in selected index heavyweights. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,219 (+RM1, +0.05%)
Crude palm oil prices staged a mild rebound, taking cue from gains in soybean oil prices. The immediate resistance is located around RM2,250.

WTI Crude Oil: $68.72 (+$0.89, +1.31%)
Crude oil prices rebounded amid supply disruption in Iran as the aforementioned commodity recorded its first weekly gain over the past two months. The immediate support is located at US$63.

Gold: $1,205.35 (+$19.79, +1.67%)
Gold prices rebounded after the Greenback depreciated against a basket of currencies. The immediate support will be pegged around US$1,150.

Bursa Malaysia Trade Statistics - 24 Aug 18
Institutions:  Net SELL 5.8 mln (52.4%)
Retail:  Net BUY 30.4 mln (25.7%)
Foreign:  Net SELL 24.6 mln (21.9%)

Potential Momentum Stocks - 27 Aug 18 
Stock Name: DAYANG (5141)
Entry: Buy above RM0.78
Target: RM0.85 (9.0%), RM0.92 (17.9%)
Stop: RM0.72 (-7.7%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SERNKOU (7180)
Entry: Buy above RM0.64
Target: RM0.69 (7.8%), RM0.715 (11.7%)
Stop: RM0.59 (-7.8%)
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.