Dow Jones: 18,123.80 pts (-88.68pts, -0.49%)
U.S. stockmarkets returned to the negative zone on Friday after a rebound move on Thursday as traders were cautious ahead of the FOMC meeting this week, coupled with the selloffs among banking stocks.

FBM KLCI: 1,652.99 pts (-8.40pts, -0.51%)
The FBM KLCI has slipped below the support of 1,660 amid intensified selling pressure among banking heavyweights like CIMB and RHBBANK. Next support will be set around 1,630.

Crude Palm Oil: RM2,565 (+RM32, +1.26%)
Crude palm oil price rebounded after a two-day drop amid weaker Ringgit; retesting the RM2,600 psychological level. 

WTI Crude Oil: $43.03 (-$0.88, -2.03%)
Crude oil continues to stay below the US$45 level as ongoing recovery in U.S. drilling activities may be a concern towards a global supply glut.

Gold: $1,310.35 (-$4.40, -0.34%)
Gold trended lower near the US$1,310 level ahead of the Federal Reserve meeting as traders will be focusing on the potential interest rates hike.

Bursa Malaysia Trade Statistics - 16Sep16
Institutions:  Net BUY 202.4 mln (46.9%)
Retail:  Net BUY 23.1 mln (10.3%)
Foreign:  Net SELL 225.5 mln (42.8%)

Potential Momentum Stocks - 19Sep16 
Stock Name: ARANK (7214)
Entry: Buy above RM0.85
Target: RM0.905 (6.5%), RM1.00 (17.6%)
Stop: RM0.81 (-4.7%)
Shariah: Yes
Technical: Flag formation breakout

Stock Name: IQGROUP (5107)
Entry: Buy above RM2.25
Target: RM2.40 (6.7%), RM2.58 (14.7%)
Stop: RM2.17 (-3.6%)
Shariah: Yes
Technical: Rebounded off EMA9

Source: Bloomberg, M+ Online

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