Dow Jones: 18,041.55 pts (+51.23pts, +0.28%)
U.S. stockmarkets ended higher after the Fed maintained the interest rates for the time being as the U.S. economic activity appears to have slowed. Meanwhile, Apple Inc. fell 6.3% on the back of weaker sales, it may affect semiconductor industry and traders may take the opportunity to reduce exposure on related companies.

FBM KLCI: 1,692.34 pts (-0.16pts, -0.01%)
The FBM KLCI stabilised after rebounded off the intra-day low of 1,682 on the back of mild bargain hunting activities. However, share prices on Bursa Malaysia will remain volatile and may trade on a negative tone if the FBM KLCI continues to stay below 1,700.

Crude Palm Oil: RM2,633 (-RM42, -1.57%)
Palm oil for July delivery fell to a six-week low as concerns over stagnating demands. If the price trips below the RM2,621 level, further downside might be seen around RM2,566-RM2,600.

WTI Crude Oil: $45.33 (+$1.29, +2.92%)
Crude oil climbed above the US$45 level for the first time since November after U.S. crude production fell to 8.94 mln barrels a day last week (the least since October 2014) according to the data from Energy Information Administration. 

Gold: $1,245.83 (+$2.43, +0.20%)
Gold stayed sideways and fluctuated between gains and losses after Fed rate decision as traders are still looking for fresh leads within the market environment.

Economic Releases:
China Leading Index 1996=100 - 28 Apr 16
Eurozone - European Commission Consumer Confidence Indicator - 28 Apr 16, 5:00PM
US - US Initial Jobless Claims - 28 Apr 16, 8:30PM
US - GDP US Chained 2009 Dollars Q.o.Q - 28 Apr 16, 8:30PM

Bursa Malaysia Trade Statistics - 27 Apr 16
Institutions:  Net BUY 67.8 mln (58.5%)
Retail:  Net BUY 32.4 mln (17.8%)
Foreign:  Net SELL 100.2 mln (23.7%)

Potential Momentum Stocks (28 Apr 16):
Stock Name: SDRED (2224)
Entry: Buy around RM1.00
Target: RM1.09 (9.0%), RM1.15 (15.0%)
Stop: RM0.98 (-2.0%)
Technical: Breakout above RM1.00

Stock Name: ARMADA (5210)
Entry: Buy around RM0.790
Target: RM0.83 (5.1%), RM0.89 (12.7%)
Stop: RM0.770 (-2.5%)
Technical: Potential flag formation breakout

Source: Bloomberg, M+ Online

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