Dow Jones: 17,660.71 pts (+9.45pts, +0.05%)
U.S. stockmarkets were little changed ahead of the April employment figures. Despite the rebound in energy shares amid the recovery in crude oil prices, declines within the retailers and defensive shares overshadowed the broader market, setting a mixed tone in the market.

FBM KLCI: 1,645.09 pts (-12.49pts, -0.75%)
Selling activities resumed on the FBM KLCI and rejected the 1,660 level. However, as the RSI is suggesting an oversold position on the key index and it may rebound again towards the resistance of 1,660. Meanwhile, support will be set around 1,630.

Crude Palm Oil: RM2,629 (+RM13, +0.50%)
Palm oil stockpiles in Malaysia probably fell to the lowest since February 2015 amid concerns El Nino weather. Inventories fell 3.7% to 1.82mln metric tons in April from a month ago, according to the median of seven estimates in a Bloomberg survey. MPOB will release official data by May 10. 

WTI Crude Oil: $44.32 (+$0.54, +1.24%)
Crude oil rose marginally yesterday amid extended concerns over wildfires in Canada's oil sands region.  U.S. could draw down some of record stockpiles because of Canadian disruptions. 

Gold: $1,277.74 (-$1.94, -0.15%)
Gold futures extended the pullback formation towards the support of $1,270 level as a rally in the dollar trimmed demand for the metal as an alternative asset. 

Economic Releases:
US - US Employees on Nonfarm Payroll - 6 May 16, 8:30PM
US - US Average Hourly Earnings - 6 May 16, 8:30PM

Bursa Malaysia Trade Statistics - 05May16
Institutions:  Net BUY 190.5 mln (53.8%)
Retail:  Net BUY 13.7 mln (15.8%)
Foreign:  Net SELL 204.2 mln (30.4%)

Potential Momentum Stocks - 06May16
Stock Name: AZRB (7078)
Entry: Buy around RM0.74
Target: RM0.81 (10.2%), RM0.86 (17.0%)
Stop: RM0.71 (-4.1%)
Technical: Potential breakout

Stock Name: LBALUM (9326)
Entry: Buy around RM0.540
Target: RM0.605 (12.0%), RM0.64 (18.5%)
Stop: RM0.515 (-4.6%)
Technical: Two-bar Reversal breakout

Source: Bloomberg, M+ Online

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