Dow Jones: 25,798.42 pts (+547.87pts, +2.17%)
U.S. stockmarkets recorded their biggest daily gain since March 2018 as the Dow rose 2.2% with all 30 components in the green, boosted by a series of stronger-than-expected quarterly earnings. The immediate resistance is located at 26,000.

FBM KLCI: 1,736.84 pts (+8.10pts, +0.47%)
The FBM KLCI (+0.5%) recovered all its previous session losses on bargain hunting activities in selected banking and oil & gas heavyweights yesterday. The immediate resistance is located at 1,770.

Crude Palm Oil: RM2,244 (+RM2, +0.09%)
Crude palm oil advanced, but gains were capped by the weak import demand from India. The immediate support is located around RM2,200.

WTI Crude Oil: $71.92 (+$0.14, +0.20%)
Crude oil prices registered its third straight session of gains, lifted by the unexpected decline in U.S. inventory level. The immediate support is located at US$70.

Gold: $1,224.95 (-$2.11, -0.17%)
Gold prices retreated as demand for safe haven assets fades. The immediate resistance is located around $1,250.

Economic Releases:
UK - United Kingdom's Inflation Rate, 4.30PM
EU - Eurozone's Inflation Rate, 5.00PM

Bursa Malaysia Trade Statistics - 16 Oct 18
Institutions:  Net BUY 8.3 mln (52.1%)
Retail:  Net BUY 9.0 mln (21.0%)
Foreign:  Net SELL 17.3 mln (26.9%)

Potential Momentum Stocks - 17 Oct 18 
Stock Name: SIGGAS (5181)
Entry: Buy above RM0.90
Target: RM0.97 (7.8%), RM1.00 (11.1%)
Stop: RM0.835 (-7.2%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: D&O (7204)
Entry: Buy above RM0.885
Target: RM0.96 (8.5%), RM1.00 (13.0%)
Stop: RM0.845 (-4.5%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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