Dow Jones: 19,799.85 pts (-27.40pts, -0.14%)
U.S. stockmarkets retreated as the Dow fell 0.1% on cautiousness over the protectionist stance on trade by newly elected president Donald Trump.

FBM KLCI: 1,671.31 pts (+6.42pts, +0.39%)
The FBMKLCI staged a quick recovery yesterday on firm buying support amongst selective index heavyweights. The immediate resistance level is located around the 1,680 level.

Crude Palm Oil: RM3,096 (-RM5, -0.16%)
Crude palm oil prices closed lower for the fourth consecutive session yesterday, pressured by stronger Ringgit and weaker soybean oil prices. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $52.75 (+$0.33, +0.63%)
Crude oil prices extended its gains as Iraq is close to fulfilling its share agreed by OPEC members on the production output cut. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,218.23 (+$7.91, +0.65%)
Gold prices rose to two-months high on the weakness in US Dollars. The US1,250 will serve as the immediate resistance level.

Economic Releases:
US - US Existing Home Sales - 24 Jan 17, 11.00PM

Bursa Malaysia Trade Statistics - 23 Jan 17
Institutions:  Net SELL 20.0 mln (71.3%)
Retail:  Net BUY 10.6 mln (13.0%)
Foreign:  Net BUY 9.4 mln (15.7%)

Potential Momentum Stocks - 24 Jan 17 
Stock Name: CHINHIN (5273)
Entry: Buy above RM0.89
Target: RM0.94 (5.6%), RM1.00 (12.4%)
Stop: RM0.845 (-5.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MITRA (9571)
Entry: Buy above RM1.31
Target: RM1.41 (7.6%), RM1.47 (12.2%)
Stop: RM1.24 (-5.3%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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