Dow Jones: 26,430.57 pts (-56.21pts, -0.21%)
Wall Street edged lower overnight as the Dow fell 0.2% after the International Monetary Fund trimmed global growth forecast. The immediate resistance is located at 26,600.
FBM KLCI: 1,774.15 pts (-1.60pts, -0.09%)
The FBM KLCI registered its fourth straight session of decline yesterday in tandem with the weakness across regional peers. The immediate support is located at 1,770.
Crude Palm Oil: RM2,205 (+RM18, +0.82%)
Crude palm oil rebounded to re-claim the RM2,200 psychological level, boosted by improved demand after the Ringgit depreciated against the Greenback. The immediate resistance is located around RM2,250.
WTI Crude Oil: $74.96 (+$0.67, +0.90%)
Crude oil prices extended its gains after Hurricane Michael caused temporary oil production halt in the Gulf of Mexico. The immediate resistance is located at US$77.
Gold: $1,189.77 (+$1.69, +0.14%)
Gold prices advanced as demand of safe haven assets improved. The immediate resistance is located around $1,200.
Economic Releases:
UK - United Kingdom's Manufacturing Production, 4.30PM
UK - United Kingdom's Industrial Production, 4.30PM
US - United States' Producer Price Index, 8.30PM
Bursa Malaysia Trade Statistics - 9 Oct 18
Institutions: Net BUY 88.6 mln (44.8%)
Retail: Net BUY 36.1 mln (27.4%)
Foreign: Net SELL 124.7 mln (27.8%)
Potential Momentum Stocks - 10 Oct 18
Stock Name: CHINWEL (5007)
Entry: Buy above RM1.86
Target: RM2.00 (7.5%), RM2.10 (12.9%)
Stop: RM1.79 (-3.8%)
Shariah: Yes
Technical: Monitor for breakout
Stock Name: CENSOF (5195)
Entry: Buy above RM0.185
Target: RM0.21 (13.5%), RM0.22 (18.9%)
Stop: RM0.175 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
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