Dow Jones: 19,819.78 pts (-13.90pts, -0.07%)
U.S. stockmarkets extended their losses overnight, dragged down by the weakness in financial and telco stocks as the Dow declined 0.1%.

FBM KLCI: 1,637.93 pts (+7.63pts, +0.47%)
The FBM KLCI higher recorded its third consecutive session of gains on sustained window dressing activities.  The immediate resistance level is located around the 1,650 level.

Crude Palm Oil: RM3,106 (-RM24, -0.77%)
Crude palm oil prices retreated, taking cue from the weakness in soybean oil markets. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.77 (-$0.29, -0.54%)
Crude oil prices snapped a four-straight session of gains on build-up in U.S. inventories. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,158.19 (+$16.52, +1.45%)
Gold prices rose for the fourth consecutive session to record its longest rally in three months as U.S. Dollar retreated. The US1,100 will serve as the immediate support level.

Economic Releases:
MY - Malaysia's Production Price Index - 30 Dec 16, 12.00.PM
US - US Chicago PMI - 30 Dec 16, 10.45PM

Bursa Malaysia Trade Statistics - 29 Dec 16
Institutions:  Net BUY 27.7 mln (64.8%)
Retail:  Net SELL 24.6 mln (17.0%)
Foreign:  Net SELL 3.1 mln (18.2%)

Potential Momentum Stocks - 30 Dec 16 
Stock Name: TITIJYA (5239)
Entry: Buy above RM1.75
Target: RM1.90 (8.6%), RM2.00 (14.3%)
Stop: RM1.65 (-5.7%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SUNCON (5263)
Entry: Buy above RM1.72
Target: RM1.80 (4.7%), RM1.90 (10.5%)
Stop: RM1.65 (-4.1%)
Shariah: No
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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