Dow Jones: 19,170.42 pts (-21.51pts, -0.11%)
U.S. stockmarkets ended mixed on last Friday as the Dow retreated from the all-time high level after the rally in financial shares eased, but the S&P 500 rose 0.04%.

FBM KLCI: 1,628.96 pts (+2.52pts, +0.15%)
The FBM KLCI extended it gains on buying support in selective banking heavyweights. The immediate resistance level is located around the 1,630-1,640 levels.

Crude Palm Oil: RM3,076 (-RM3, -0.10%)
Crude palm oil prices reversed all its intraday gains after the Ringgit rebounded against the Greenback. The RM3,100 level will serve as the next resistance level.

WTI Crude Oil: $51.68 (+$2.24, +4.53%)
Crude oil prices rose for the third straight session, on account of OPEC move to trim production output. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,177.43 (-$5.15, -0.44%)
Gold prices halted a three consecutive session of decline on higher demand due to political uncertainty in Italy. The US$1,150 level will serve as the immediate support level.

Economic Releases:
JP - Japan's Consumer Confidence - 5 Dec 16 - 1.00PM
EU - Eurozone's Markit Composite PMI - 5 Dec 16, 5.00PM
EU - Eurozone's Markit Services PMI - 5 Dec 16, 5.00PM
US - US' ISM Non-Manufacturing PMI - 5 Dec 16, 11.00PM

Bursa Malaysia Trade Statistics - 2 Dec 16
Institutions:  Net BUY 53.8 mln (61.9%)
Retail:  Net BUY 10.1 mln (13.6%)
Foreign:  Net SELL 63.9 mln (24.5%)

Potential Momentum Stocks - 5 Dec 16 
Stock Name: WCT (9697)
Entry: Buy above RM1.82
Target: RM1.98 (8.8%), RM2.08 (14.3%)
Stop: RM1.71 (-6.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation formation

Stock Name: UCHITEC (7100)
Entry: Buy above RM1.830
Target: RM2.00 (9.3%), RM2.10 (14.8%)
Stop: RM1.78 (-2.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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