Dow Jones: 19,942.16 pts (+60.40pts, +0.30%)
U.S. stockmarkets extended their gains overnight after the latest US FOMC minutes meeting suggest a quicker pace of rate hike to offset the potential higher inflation rate due to the change in president-elect Donal Trump fiscal policy.

FBM KLCI: 1,647.47 pts (+11.94pts, +0.73%)
Tracking the gains in Wall Street overnight, the FBM KLCI (+0.7%) advanced yesterday in tandem with the gains in major key regional indices. The immediate resistance level is located around the 1,650 level.

Crude Palm Oil: RM3,141 (-RM22, -0.70%)
Crude palm oil prices retreated on concerns over the higher inventory level in Malaysia. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.26 (+$0.93, +1.78%)
Crude oil prices rebounded after the U.S. stockpiles declined by 7.4 mln barrels last week. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,163.65 (+$4.81, +0.42%)
Gold prices advanced on strong economic data from US. The US1,100 will serve as the immediate support level.

Economic Releases:
JP - Japan's Nikkei Services PMI - 5 Jan 17, 8.30AM
CN- China's Caixin Composite PMI - 5 Jan 17, 9.45AM
CN- China's Caixin Services PMI - 5 Jan 17, 9.45AM
EU - Eurozone's Retail PMI - 5 Jan 17, 5.10PM
EU - Eurozone's Producer Price Index - 5 Jan 17, 6.00PM
US - US Markit Composite PMI - 5 Jan 17, 10.45PM
US - US ISM Non-Manufacturing PMI - 5 Jan 17, 11.00PM

Bursa Malaysia Trade Statistics - 4 Jan 17
Institutions:  Net BUY 44.9 mln (65.0%)
Retail:  Net SELL 16.7 mln (17.9%)
Foreign:  Net SELL 28.2 mln (17.1%)

Potential Momentum Stocks - 5 Jan 17 
Stock Name: AYS (5201)
Entry: Buy above RM0.35
Target: RM0.38 (8.6%), RM0.395 (12.9%)
Stop: RM0.325 (-7.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: SENDAI (5205)
Entry: Buy above RM0.60
Target: RM0.66 (10.0%), RM0.70 (16.7%)
Stop: RM0.56 (-6.7%)
Shariah: Yes
Technical: Resistance breakout

Source: Bloomberg, M+ Online

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