Dow Jones: 25,998.92 pts (+27.86pts, +0.11%)
U.S. stockmarkets trended higher as the Dow rose 0.1%, boosted by optimism over resumption of trade talks with China. The immediate resistance is located at 26,600.
FBM KLCI: 1,785.25 pts (-13.92pts, -0.77%)
The FBM KLCI (-0.8%) succumbs to sharp selling pressure from foreign funds in tandem with the weakness across regional peers yesterday. The immediate support is located at 1,780.
Crude Palm Oil: RM2,237 (-RM29, -1.28%)
Crude palm oil prices trended lower, taking cue from the weakness in soybean oil prices. The immediate resistance is located around RM2,300.
WTI Crude Oil: $70.37 (+$1.12, +1.61%)
Crude oil prices extended its gains, lifted by the decline in U.S. inventory and output levels. The immediate resistance is located at US$75.
Gold: $1,206.24 (+$7.65, +0.64%)
Gold prices extended its gains after the rally in U.S. Dollar against a basket of currencies stalled. The immediate support will be pegged around US$1,150.
Economic Releases:
JP - Japan's Producer Price Index, 7.50AM
MY - Malaysia's Retail Sales, 12.00PM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM
EU - Eurozone's European Central Bank's Interest Rate Decision, 7.45PM
US - United States' Inflation Rate, 8.30PM
Bursa Malaysia Trade Statistics - 12Sep18
Institutions: Net BUY 310.0 mln (47.0%)
Retail: Net BUY 39.8 mln (16.8%)
Foreign: Net SELL 349.8 mln (36.2%)
Potential Momentum Stocks - 13Sep18
Stock Name: DIALOG (7277)
Entry: Buy above RM3.45
Target: RM3.56 (3.2%), RM3.70 (7.2%)
Stop: RM3.35 (-2.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Stock Name: ASTRO (6399)
Entry: Buy above RM1.83
Target: RM1.97 (7.7%), RM2.09 (14.2%)
Stop: RM1.74 (-4.9%)
Shariah: No
Technical: Hammer candle
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.
Chart | Stock Name | Last | Change | Volume |
---|