Dow Jones: 18,226.93 pts (+80.19pts, +0.44%)
U.S. stockmarkets extended its upward momentum on the back of follow-through buying interest above the 18,000 level after Friday's jobs data. Meanwhile, S&P 500 marked another record closing of 2,137.16 pts. 

FBM KLCI: 1,653.87 pts (+9.33pts, +0.57%)
The FBM KLCI rebounded positively amid the spill over effect from Wall Street, the key index is likely to surge higher towards 1,660 over the near term.

Crude Palm Oil: RM2,240 (-RM1, -0.04%)
CPO still trading below the RM2,400 level amid stronger Ringgit, coupled with rising supply and slower demand. The support will be located around the RM2,200 level.

WTI Crude Oil: $44.76 (-$0.65, -1.43%)
Crude oil continues to pullback after violating below the US$46 level as Iran and Libya could be boosting crude exports over the near term. U.S. explorers increased more than 30 oil rigs since early June. 

Gold: $1,355.40 (-$10.93, -0.80%)
Gold declined from the recent peak as investors switched back to equities following a jump in U.S. jobs data.

Economic Releases:
Malaysia - Malaysia Industrial Production Index - 12Jul17, 12:00 PM

Bursa Malaysia Trade Statistics - 11 Jul 16
Institutions:  Net SELL 43.2 mln (52.7%)
Retail:  Net BUY 3.6 mln (16.1%)
Foreign:  Net BUY 39.6 mln (31.2%)

Potential Momentum Stocks - 12 Jul 16 
Stock Name: BPPLAS (5100)
Entry: Buy around RM1.60
Target: RM1.77 (10.6%), RM1.90 (18.8%)
Stop: RM1.56 (-2.5%)
Technical: Flag breakout

Stock Name: KIMLUN (5171)
Entry: Buy above RM1.84
Target: RM1.96 (6.5%), RM2.18 (18.5%)
Stop: RM1.79 (-2.7%)
Technical: Flag breakout

Source: Bloomberg, M+ Online

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