Dow Jones: 18,491.96 pts (+72.66pts, +0.39%)
U.S. stockmarkets were closed for Labor Day. Meanwhile, Eurozone August Services PMI fell 0.1 to 52.8 and UK August Services PMI jumped to 52.9 vs a reading of 47.4 (seven-year low) in July. 

FBM KLCI: 1,678.08 pts (+6.29pts, +0.38%)
The FBM KLCI was lifted higher by bargain hunting activities within the telco heavyweights. However, traded volumes were below the three-month average volumes. Nevertheless, trading focus may extend within the metal-related stocks over the near term.

Crude Palm Oil: RM2,644 (+RM49, +1.89%)
Crude palm oil rallied positively above the RM2,600 level on the back of lower CPO inventory. Next resistance will be envisaged around RM2,700.

WTI Crude Oil: $44.44 (+$1.28, +3.01%)
Crude oil continues to rebound higher as traders are focusing on the output freeze talk by the major producers. Crude oil is likely to trade within the range of US$44-US$46 over the near term.

Gold: $1,327.08 (+$1.87, +0.14%)
Gold stayed above the US$1,300 level for the third consecutive days and buying interest may boost gold prices towards the US$1,350 level after a mild consolidation.

Economic Releases:
US - US Non-manufacturing NMI - 6Sep16, 10:00PM

Bursa Malaysia Trade Statistics - 5Sep16
Institutions:  Net SELL 1.8 mln (61.5%)
Retail:  Net SELL 19.2 mln (20.6%)
Foreign:  Net BUY 21.0 mln (17.9%)

Potential Momentum Stocks - 6Sep16 
Stock Name: CAREPLS (0163)
Entry: Buy above RM0.345
Target: RM0.38 (10.1%), RM0.40 (15.9%)
Stop: RM0.325 (-5.8%)
Shariah: Yes
Technical: Bullish divergence signal

Stock Name: LEONFB (5232)
Entry: Buy around RM0.475
Target: RM0.51 (7.4%), RM0.53 (11.6%)
Stop: RM0.460 (-3.2%)
Shariah: No
Technical: Short term breakout

Source: Bloomberg, M+ Online

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