Dow Jones: 18,526.14 pts (-11.98pts, -0.06%)
Wall Street ended mixed as the Dow and S&P 500 fell marginally by 0.06% and 0.01% respectively. However, Nasdaq continues to trend on a positive note as Apple introduced new products. 

FBM KLCI: 1,689.57 pts (-0.35pts, -0.02%)
The FBM KLCI fell marginally on the back of profit taking activities after BNM announced that the OPR maintained at 3.00%. The key index is likely to trend within the 1,680-1,700 levels over the near term.

Crude Palm Oil: RM2,598 (-RM31, -1.18%)
Despite palm oil inventories in Malaysia fell to the lowest since 2011 on the back of higher demand from India and China, crude palm oil fell below RM2,600, extending another day of losses.

WTI Crude Oil: $45.50 (+$0.70, +1.59%)
Crude oil steadied above the US$45 level as American Petroleum Institute reported that the U.S. inventories declined 12.1 mln barrels last week. 

Gold: $1,345.18 (-$5.21, -0.39%)
After hitting the US$1,350 resistance level, traders might be digesting the recent gains, forming a short term pullback. Next resistance will be located around the US$1,380 level.

Economic Releases:
US - US Initial Jobless Claims - 8Sep16, 8:30PM

Bursa Malaysia Trade Statistics - 7Sep16
Institutions:  Net SELL 131.5 mln (62.3%)
Retail:  Net SELL 42.9 mln (18.1%)
Foreign:  Net BUY 174.4 mln (19.6%)

Potential Momentum Stocks - 8Sep16 
Stock Name: JAKS (4723)
Entry: Buy around RM1.03
Target: RM1.11 (7.8%), RM1.14 (10.7%)
Stop: RM0.995 (-3.4%)
Shariah: No
Technical: Sideways consolidation breakout

Stock Name: NYLEX (4944)
Entry: Buy around RM0.605
Target: RM0.71 (17.4%), RM0.74 (22.3%)
Stop: RM0.56 (-7.4%)
Shariah: Yes
Technical: 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.