Author: mplus313 | Publish date: Wed, 8 Jun 2016, 09:17 AM
Dow Jones: 17,938.28 pts (+17.95pts, +0.10%)
After the Dow traded towards the intra-day high near the psychological level of 18,000, the key index pulled back and ended flat for the day led by declining health-care and bank shares.
FBM KLCI: 1,660.62 pts (+11.63pts, +0.71%)
Following the technical rebound move above the 1,630 level towards the resistance of 1,660, the FBM KLCI may be due for a mild profit taking activities over the near term.
Crude Palm Oil: RM2,599 (-RM61, -2.29%)
Crude palm oil prices headed for the biggest one-day decline after the recent rally over the past two weeks on the back of a stronger Ringgit.
WTI Crude Oil: $50.36 (+$0.71, +1.43%)
WTI crude oil closed above the US$50 for the time since July 2015 as U.S. stockpiles fell 3.6 mln barrels last week, according to American Petroleum Institute.
Gold: $1,243.81 (-$1.46, -0.12%)
Gold snapped a two-day gain as China, the world's top consumer of the metal is holding back from adding bullion to its reserves, fuelling concerns on the weakening physical demand for gold.
Economic Releases:
US - MBA US Mortgage Market Index - 8 Jun 16, 7:00PM
Bursa Malaysia Trade Statistics - 07 Jun 16
Institutions: Net SELL 43.0 mln (58.5%)
Retail: Net SELL 50.8 mln (14.6%)
Foreign: Net BUY 93.8 mln (26.9%)
Potential Momentum Stocks - 08 Jun 16
Stock Name: EG (8907)
Entry: Buy above RM0.89
Target: RM0.95 (6.7%), RM1.03 (15.7%)
Stop: RM0.86 (-3.4%)
Technical: Gapped up
Stock Name: SAPIND (7811)
Entry: Buy above RM1.03
Target: RM1.14 (10.7%), RM1.24 (20.4%)
Stop: RM0.96 (-6.8%)
Technical: Breakout above RM1.03
Source: Bloomberg, M+ Online
Disclaimer
After the Dow traded towards the intra-day high near the psychological level of 18,000, the key index pulled back and ended flat for the day led by declining health-care and bank shares.
FBM KLCI: 1,660.62 pts (+11.63pts, +0.71%)
Following the technical rebound move above the 1,630 level towards the resistance of 1,660, the FBM KLCI may be due for a mild profit taking activities over the near term.
Crude Palm Oil: RM2,599 (-RM61, -2.29%)
Crude palm oil prices headed for the biggest one-day decline after the recent rally over the past two weeks on the back of a stronger Ringgit.
WTI Crude Oil: $50.36 (+$0.71, +1.43%)
WTI crude oil closed above the US$50 for the time since July 2015 as U.S. stockpiles fell 3.6 mln barrels last week, according to American Petroleum Institute.
Gold: $1,243.81 (-$1.46, -0.12%)
Gold snapped a two-day gain as China, the world's top consumer of the metal is holding back from adding bullion to its reserves, fuelling concerns on the weakening physical demand for gold.
Economic Releases:
US - MBA US Mortgage Market Index - 8 Jun 16, 7:00PM
Bursa Malaysia Trade Statistics - 07 Jun 16
Institutions: Net SELL 43.0 mln (58.5%)
Retail: Net SELL 50.8 mln (14.6%)
Foreign: Net BUY 93.8 mln (26.9%)
Potential Momentum Stocks - 08 Jun 16
Stock Name: EG (8907)
Entry: Buy above RM0.89
Target: RM0.95 (6.7%), RM1.03 (15.7%)
Stop: RM0.86 (-3.4%)
Technical: Gapped up
Stock Name: SAPIND (7811)
Entry: Buy above RM1.03
Target: RM1.14 (10.7%), RM1.24 (20.4%)
Stop: RM0.96 (-6.8%)
Technical: Breakout above RM1.03
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.
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