Dow Jones: 19,732.40 pts (-72.32pts, -0.37%)
U.S. stockmarkets ended lower overnight as the Dow (-0.4%) recorded its fourth consecutive losing streak ahead of the president-elect Donal Tump inauguration.

FBM KLCI: 1,666.51 pts (+1.49pts, +0.09%)
Last minute buying support sent the FBM KLCI (+0.1%) to close positive as the key index recorded its third consecutive days of gains. The immediate resistance level is located around the 1,680 level.

Crude Palm Oil: RM3,131 (-RM19, -0.60%)
Tracking the weakness in soybean oil prices overnight, crude palm oil prices extended its losses yesterday. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $51.37 (+$0.29, +0.57%)
Crude oil prices closed higher on lower stockpile levels from the U.S. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,204.85 (+$0.55, +0.05%)
Gold prices staged a mild recovery on higher demand in safe haven assets. The US1,250 will serve as the immediate resistance level.

Economic Releases:
CN - China's 4Q2016 GDP Growth Rate - 20 Jan 17, 10.00AM
CN - China's Retail Sales - 20 Jan 17, 10.00AM
CN - China's Industrial Production - 20 Jan 17, 10.00AM
UK- UK's Retail Sales - 20 Jan 17, 5.30PM

Bursa Malaysia Trade Statistics - 19 Jan 17
Institutions:  Net SELL 6.2 mln (61.7%)
Retail:  Net SELL 6.1 mln (16.1%)
Foreign:  Net BUY 12.3 mln (22.2%)

Potential Momentum Stocks - 20 Jan 17 
Stock Name: GESHEN (7197)
Entry: Buy above RM1.86
Target: RM2.00 (7.5%), RM2.25 (21.0%)
Stop: RM1.75 (-5.9%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MHB (5186)
Entry: Buy above RM1.02
Target: RM1.09 (6.9%), RM1.23 (20.6%)
Stop: RM0.985 (-3.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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