Dow Jones: 19,843.41 pts (-8.83pts, -0.04%)
U.S. stockmarkets closed marginally lower on last Friday as the Dow fell 0.04% after financial shares recorded their worst week post-election.

FBM KLCI: 1,637.79 pts (+0.80pts, +0.05%)
Buying support in the final trading hour amongst selective blue chips sent the FBM KLCI marginally higher. The immediate support level is located around the 1,630 level.

Crude Palm Oil: RM3,161 (-RM24, -0.75%)
Crude palm oil prices retreated after re-testing the RM3,200 level, dragged down by sluggish demand. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $51.90 (+$1.00, +1.97%)
Crude oil prices advanced after rebounded off the US$50 per barrel level after several OPEC members have notified their customers on supplies cut from January in effort to rebalance the oversupply condition. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,134.88 (+$6.38, +0.57%)
Gold prices rebounded on tensions between U.S. and China. The US1,100 will serve as the immediate support level.

Bursa Malaysia Trade Statistics - 16 Dec 16
Institutions:  Net SELL 4.6 mln (55.7%)
Retail:  Net BUY 5.6 mln (10.8%)
Foreign:  Net SELL 1.0 mln (33.5%)

Potential Momentum Stocks - 19 Dec 16 
Stock Name: TRIPLC (5266)
Entry: Buy above RM2.00
Target: RM2.27 (13.5%), RM2.40 (20.0%)
Stop: RM1.90 (-5.0%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: AXIATA (6888)
Entry: Buy above RM4.55
Target: RM5.06 (11.2%), RM5.51 (21.1%)
Stop: RM4.31 (-5.3%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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