Dow Jones: 24,947.67 pts (-79.40pts, -0.32%)
U.S. stockmarkets continue to trend lower as the Dow fell 0.3% on concern over the escalating trade tension with China after the arrest of top executive of Huawei. The immediate resistance is located at 26,000.
FBM KLCI: 1,683.34 pts (-4.93pts, -0.29%)
The FBM KLCI (-0.3%) registered its third straight session of decline alongside with the negative market performance across its region. The immediate resistance is located at 1,700.
Crude Palm Oil: RM2,005 (+RM10, +0.50%)
Crude palm oil prices rebounded after Primary Industries Minister, Teresa Kok reported that Sarawak's state government will not issue new license for plantation expansion. The immediate support is located around RM1950.
WTI Crude Oil: $51.49 (-$1.40, -2.66%)
Crude oil prices endured another round of volatility after OPEC meeting yield no agreement on oil production cut. The immediate resistance is located at US$55.
Gold: $1,237.78 (+$0.49, +0.04%)
Gold prices advanced, boosted by improved demand in safe haven assets. The immediate resistance is located around $1,250.
Economic Releases:
US - United States' Unemployment Rate, 8.30PM
Potential Momentum Stocks - 7 Dec 18
Stock Name: KPS (5843)
Entry: Buy above RM1.28
Target: RM1.42 (10.9%), RM1.52 (18.8%)
Stop: RM1.21 (-5.5%)
Shariah: Yes
Technical: Monitor for trendline breakout
Stock Name: ATURMJU (7181)
Entry: Buy above RM0.405
Target: RM0.45 (11.1%), RM0.50 (23.5%)
Stop: RM0.38 (-6.2%)
Shariah: Yes
Technical: Consolidation breakout
In regards to the discontinuation of daily trade statistics, please visit Bursa Marketplace's official Facebook page at https://www.facebook.com/BursaMarketplace/ to obtain the aforementioned data between 8.30AM-9.00AM
Source: Bloomberg, M+ Online
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