Dow Jones: 19,123.58 pts (+1.98pts, +0.01%)
Wall Street closed mixed overnight as the Dow rose 0.01% but pared most of its intraday gains, while the S&P 500 fell 0.3%, dragged down by telecommunication and utilities shares.

FBM KLCI: 1,619.12 pts (-7.81pts, -0.48%)
Selling pressure from foreign funds amongst selective blue chip stocks sent the FBM KLCI to close at its lowest level in two weeks as the key index tanked 3.2% M.o.M in November. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM3,073 (+RM23, +0.75%)
Crude palm oil prices reversed its intraday losses, tracking the strong gains in crude oil prices. The RM3,100 level will serve as the next resistance level.

WTI Crude Oil: $49.44 (+$4.10, +9.06%)
Following the 14 members of OPEC decision to collectively trim their output by 1.2 mln barrels per day, crude oil prices surged to one-month high level. Crude oil prices might trend towards the US$50-US$52 levels.

Gold: $1,173.20 (-$13.66, -1.15%)
Gold prices extended its losses, dragged down by the stronger US Dollar coupled with rising expectation of US interest rate hike. The US$1,150 level will serve as the immediate support level.

Economic Releases:
CN - China's Manufacturing PMI - 1 Dec 16, 9.00AM
EU - Eurozone's Manufacturing PMI - 1 Dec 16, 5.00PM
US - US' ISM Manufacturing PMI - 1 Dec 16, 11.00PM

Bursa Malaysia Trade Statistics - 30 Nov 16
Institutions:  Net BUY 490.1 mln (41.0%)
Retail:  Net SELL 2.5 mln (8.7%)
Foreign:  Net SELL 487.6 mln (50.3%)

Potential Momentum Stocks - 1 Dec 16 
Stock Name: ECOWLD (8206)
Entry: Buy above RM1.38
Target: RM1.51 (9.4%), RM1.63 (18.1%)
Stop: RM1.30 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: AIRASIA (5099)
Entry: Buy above RM2.730
Target: RM2.89 (5.9%), RM3.08 (12.8%)
Stop: RM2.62 (-4.0%)
Shariah: No
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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