Dow Jones: 19,945.04 pts (+11.23pts, +0.06%)
U.S. stockmarkets extended their gains, underpinned by the rally in technology stocks whilst US consumer confidence rose to its highest level in 15 years.

FBM KLCI: 1,619.68 pts (+2.53pts, +0.16%)
Bargain hunting activities amongst selective plantation heavyweights sent the FBM KLCI higher yesterday. The immediate support level is located around the 1,610 level.

Crude Palm Oil: RM3,128 (+RM68, +2.22%)
Crude palm oil prices staged a sharp recovery on expectation of lower production in December resulting in a tightening of stockpiles. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.89 (+$0.07, +0.13%)
Crude oil prices extended its gains to 17-months high, buoyed by strong economic data from U.S. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,138.78 (+$5.48, +0.48%)
Gold prices rebounded for the second straight session on lower supply. The US1,100 will serve as the immediate support level.

Economic Releases:
JP - Japan's Retail Sales - 28 Dec 16, 7.50AM

Bursa Malaysia Trade Statistics - 27 Dec 16
Institutions:  Net BUY 42.8 mln (70.2%)
Retail:  Net BUY 27.3 mln (17.4%)
Foreign:  Net SELL 70.1 mln (12.4%)

Potential Momentum Stocks - 28 Dec 16 
Stock Name: PENTA (7160)
Entry: Buy above RM1.32
Target: RM1.41 (6.8%), RM1.57 (18.9%)
Stop: RM1.27 (-3.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SENDAI (5205)
Entry: Buy above RM0.575
Target: RM0.60 (4.3%), RM0.66 (14.8%)
Stop: RM0.56 (-2.6%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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