Dow Jones: 17,750.91 pts (-140.25pts, -0.78%)
U.S. stockmarkets ended on a negative tone amid sluggish pace of global growth after weaker-than-expected factory data in UK and China, coupled with softer corporate earnings. 

FBM KLCI: 1,651.44 pts (-21.28pts, -1.27%)
Selling pressure intensified as the FBM KLCI slid below the 1,660 level. As the FBM KLCI is oversold, the key index may be due for a mild technical rebound. Upside will be capped around 1,660. Overall trend is still negative.

Crude Palm Oil: RM2,539 (-RM54, -2.08%)
CPO continues to fall below the RM2,600 level on the back of declining exports demand. 

WTI Crude Oil: $43.65 (-$1.13, -2.53%)
Crude oil continues to extend its pullback phase as API said to report U.S. crude inventories rose 1.3mln barrel last week.

Gold: $1,286.50 (-$5.05, -0.39%)
Gold digested some gains near the $1,300 level, further pullback is expected towards the $1,260 level.

Economic Releases:
Eurozone - Markit Eurozone Services PMI - 4 May 16, 4:00PM
Eurozone - Markit Eurozone Composite PMI - 4 May 16, 4:00PM
US - US Durable Goods New Orders - 4 May 16, 10:00PM
US - US Manufacturers New Orders - 4 May 16, 10:00PM
US - ISM Non-Manufacturing NMI - 4 May 16, 10:00PM

Bursa Malaysia Trade Statistics - 03 May 16
Institutions:  Net BUY 113.2 mln (55.0%)
Retail:  Net BUY 56.4 mln (17.9%)
Foreign:  Net SELL 169.6 mln (27.1%)

Potential Momentum Stocks (04 May 16):
Stock Name: VIVOCOM (0069)
Entry: Buy around RM0.34
Target: RM0.39 (14.7%), RM0.44 (27.9%)
Stop: RM0.32 (-7.4%)
Technical: Flag breakout above RM0.33

Stock Name: FFHB (8605)
Entry: Buy around RM1.070
Target: RM1.14 (6.5%), RM1.22 (14.0%)
Stop: RM1.030 (-3.7%)
Technical: Potential short term breakout

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.