Dow Jones: 19,918.88 pts (-23.08pts, -0.12%)
Despite the stronger-than-expected 3Q2016 GDP data that rose 3.5% Y.o.Y, U.S. stockmarkets extended their losses, dragged down by the selloff in Apple Inc. (-0.7%).

FBM KLCI: 1,623.20 pts (-6.39pts, -0.39%)
The FBM KLCI closed lower yesterday in tandem with the lacklustre performance across major regional indices. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM3,076 (-RM38, -1.22%)
Crude palm oil prices erased all of its previous session gains as current high prices curbs the demand. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $52.95 (+$0.46, +0.87%)
Crude oil prices recorded its fifth consecutive sessions of gains on stronger-than-expected U.S. economic data. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,128.38 (-$3.23, -0.29%)
Gold prices trended lower as demand fades ahead of the extended festive season break. The US1,100 will serve as the immediate support level.

Economic Releases:
MY - Malaysia Unemployment Rate - 23 Dec 16, 12.00PM
UK - UK GDP Growth Rate - 23 Dec 16, 5.30PM
US - US Michigan Consumer Sentiment - 23 Dec 16, 11.00PM
US - US New Home Sales - 23 Dec 16, 11.00PM

Bursa Malaysia Trade Statistics - 22 Dec 16
Institutions:  Net BUY 87.3 mln (56.6%)
Retail:  Net BUY 36.6 mln (15.0%)
Foreign:  Net SELL 123.9 mln (28.4%)

Potential Momentum Stocks - 23 Dec 16 
Stock Name: MITRA (9571)
Entry: Buy above RM1.25
Target: RM1.35 (8.0%), RM1.41 (12.8%)
Stop: RM1.20 (-4.0%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: EMICO (9091)
Entry: Buy above RM0.235
Target: RM0.26 (10.6%), RM0.28 (19.1%)
Stop: RM0.21 (-10.6%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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