Dow Jones: 17,492.93 pts (-8.01pts, -0.05%)
U.S. stockmarkets reversed earlier gains as investors and traders continue to focus on potential interest rate hike in the month of June. Meanwhile, US manufacturing PMI fell 0.3 to 50.5, lowest reading since Sept 2009.

FBM KLCI: 1,634.89 pts (+6.10pts, +0.37%)
After being supported above the 1,630 level, the FBM KLCI may extend its rebound above the 1,640 level, targeting the 1,660 level as the key index is picking up in momentum.

Crude Palm Oil: RM2,492 (-RM36, -1.42%)
Crude palm oil dived below the RM2,500 per metric tonne for the first time in nearly three months, dragged down by losses in soybean markets and Chinese vegetable oils as sell-off in Chinese commodities market were picking up. 

WTI Crude Oil: $48.08 (+$0.33, +0.69%)
WTI crude oil prices continue to stay sideways within the range between the US$47-US$49 levels. 

Gold: $1,249.13 (-$2.85, -0.23%)
Gold extended its correction phase after rejecting the US$1,260 level as concerns over the interest rate hike persisted. Price may fall towards the US$1,200 level over the near term. 

Economic Releases:
Eurozone - ZEW Eurozone Expectation of Economic Growth - 24 May 16, 5:00PM
US - Richmond Federal Reserve Manufacturing Survey - 24 May 16, 10:00PM

Bursa Malaysia Trade Statistics - 23 May 16
Institutions:  Net BUY 98.9 mln (58.9%)
Retail:  Net SELL 9.6 mln (20.2%)
Foreign:  Net SELL 89.3 mln (20.9%)

Potential Momentum Stocks - 24 May 16 
Stock Name: KUB (6874)
Entry: Buy around RM0.315
Target: RM0.355 (12.7%), RM0.38 (20.6%)
Stop: RM0.29 (-7.9%)
Technical: Flag breakout

Stock Name: INARI (0166)
Entry: Buy around RM2.82
Target: RM3.09 (9.6%), RM3.26 (15.6%)
Stop: RM2.68 (-5.0%)
Technical: W-shape formation breakout

Source: Bloomberg, M+ Online

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