Dow Jones: 18,003.75 pts (+21.23pts, +0.12%)
U.S. stockmarkets closed mixed as technology companies like Google and Microsoft announced disappointed earnings and the Nasdaq 100 index fell more than 1%. Nevertheless, the Dow and S&P 500 maintained positive for the session. 
 
FBM KLCI: 1,717.96 pts (-3.51pts, -0.20%)
After a strong rally on Thursday above the EMA20 level, the FBM KLCI ended in the negative zone on the back of profit taking activities. As indicators are mixed, the FBM KLCI's upside will be capped around 1,730. Meanwhile, support will be set around the 1,700 level.
 
Crude Palm Oil: RM2,690 (-RM45, -1.65%)
CPO prices snapped a four-day winning streak to end lower on Friday on weak export data and bearish US soybean oil market. Palm oil production in Malaysia is expected to drop following the drought weather throughout key palm oil regions in Malaysia.
 
WTI Crude Oil: $43.73 (+$0.55, +1.27%)
WTI crude oil traded near five-month high as U.S. drilling slows amid glut. Also, US rig count fell by 8 to 343 (the lowest level since November 2009), according to data from Baker Hughes Inc. 
 
Gold: $1,233.03 (-$15.02, -1.20%)
Gold fell sharply below the US$1,250 level after the price formed a shooting star formation below the US$1,270 level last week. If the gold trips below the support of US$1,223 level, further support will be pegged around US$1,200.
 
Economic Releases:
Japan New Composite Index of Business Cycle Indicators - 25Apr16, 1:00PM
US Dallas Fed Manufacturing Outlook - 25Apr16, 10:30PM
  
Bursa Malaysia Trade Statistics - 22 Apr 16
Institutions:  Net SELL 50.2 mln (60.1%)
Retail:  Net SELL 6.9 mln (17.5%)
Foreign:  Net BUY 57.1 mln (22.4%)
 
Potential Momentum Stocks (25 Apr 16):
Stock Name: AZRB (7078)
Entry: Buy around RM0.72
Target: RM0.75 (4.2%), RM0.775 (7.6%)
Stop: RM0.695 (-3.5%)
Technical: Price rebounded strongly above EMA9
 
Stock Name: PRG (7168)
Entry: Buy around RM1.12
Target: RM1.18 (5.4%), RM1.24 (10.7%)
Stop: RM1.09 (-2.7%)
Technical: Flag formation breakout
 
Source: Bloomberg, M+ Online

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