Dow Jones: 17,720.50 pts (+9.38pts, +0.05%)
Wall Street ended flat as energy stocks were focused amid crude oil rebound, offsetting losses in Apple. Meanwhile, U.S. weekly jobless claims rose 20,000 to 294,000. 

FBM KLCI: 1,648.98 pts (+4.40pts, +0.27%)
The FBM KLCI gained momentum for the third straight day amid buying support above the 1,630 level. However, the FBM KLCI's upside will be capped around the 1,660 level. 

Crude Palm Oil: RM2,648 (-RM30, -1.12%)
CPO prices ended slightly lower as Ringgit strengthened against the US dollar. However, traders are anticipating that the lower production and potential stronger demand during Ramadan season will boost the price higher. 

WTI Crude Oil: $46.70 (+$0.47, +1.01%)
WTI crude oil prices is heading for a breakout above the resistance of US$46.78, next target will be located around US$48-US$50.

Gold: $1,263.68 (-$13.53, -1.06%)
Gold price fell for the third time in four days as rebound in dollar reduced the demand for the metal as an alternative investment. 

Economic Releases:
Eurozone - Euro Area Gross Domestic Product Chained - 13May16, 5:00PM
US - Adjusted Retail & Food Services Sales - 13May16, 5:00PM
US - University of Michigan Consumer Sentiment Index - 13May16, 10:00PM
US - US Manufacturing & Trade Inventories Total - 13May16, 10:00PM

Bursa Malaysia Trade Statistics - 12May16
Institutions:  Net SELL 32.3 mln (56.9%)
Retail:  Net SELL 13.8 mln (20.8%)
Foreign:  Net BUY 46.1 mln (22.3%)

Potential Momentum Stocks - 13May16
Stock Name: AZRB (7078)
Entry: Buy around RM0.73
Target: RM0.77 (4.8%), RM0.81 (11.0%)
Stop: RM0.72 (-2.1%)
Technical: Flag formation breakout

Stock Name: MHB (5186)
Entry: Buy above RM1.120
Target: RM1.24 (10.7%), RM1.34 (19.6%)
Stop: RM1.07 (-4.5%)
Technical: Potential sideways consolidation 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.