Dow Jones: 26,439.93 pts (+54.65pts, +0.21%)
U.S. stockmarkets staged a recovery overnight as the Dow (+0.2%) halted a three-day losing streak after 2Q2018 GDP rose 4.2% Y.o.Y - the biggest expansion since 3Q2014. The immediate resistance is located at 27,000.

FBM KLCI: 1,798.64 pts (-0.08pts, -0.00%)
The FBM KLCI closed on a flattish note as the eleventh hour buying support in selected index heavyweights trimmed most of its intraday losses. The immediate resistance is located at 1,830.

Crude Palm Oil: RM2,166 (-RM24, -1.10%)
Crude palm oil prices retreated, dragged down by lingering concern over rising production. The immediate resistance is located around RM2,200.

WTI Crude Oil: $72.12 (+$0.55, +0.77%)
Crude oil prices rebounded as the sanction on Iran could trigger a shortfall in global supply. The immediate resistance is located at US$75.

Gold: $1,182.83 (-$11.61, -0.97%)
Gold prices slipped to six-week low after the solid U.S. economic data drove the Greenback higher against a basket of currencies. The immediate support will be pegged around US$1,150.

Economic Releases:
JP - Japan's Unemployment Rate, 7.30AM
JP - Japan's Retail Sales, 7.50AM
CN - China's Caixin Manufacturing PMI, 9.45AM
MY - Malaysia's Producer Price Index, 12.00PM
UK - United Kingdom's 2Q2018 GDP Growth Rate, 4.30PM

Bursa Malaysia Trade Statistics - 27Sep18
Institutions:  Net BUY 22.0 mln (50.4%)
Retail:  Net BUY 15.9 mln (24.0%)
Foreign:  Net SELL 37.9 mln (25.6%)

Potential Momentum Stocks - 28Sep18 
Stock Name: SALUTE (0183)
Entry: Buy above RM0.61
Target: RM0.675 (10.7%), RM0.725 (18.9%)
Stop: RM0.575 (-5.7%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: PESONA (8311)
Entry: Buy above RM0.32
Target: RM0.35 (9.4%), RM0.365 (14.1%)
Stop: RM0.295 (-7.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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