Dow Jones: 19,912.71 pts (+112.86pts, +0.57%)
U.S. equities rallied overnight, led by gains in basic materials and financial stocks after Donald Trump signed executive orders on expanding energy infrastructure.

FBM KLCI: 1,680.69 pts (+9.38pts, +0.56%)
Gain in selective banking heavyweights sent the FBMKLCI to close marginally above the 1,680 resistance level yesterday. The next resistance level is located around the 1,700 level.

Crude Palm Oil: RM3,149 (+RM53, +1.71%)
Crude palm oil prices snapped a streak of four consecutive sessions of losses on lower production output from the southern part of Peninsular Malaysia. The RM3,200 level will serve as the immediate resistance level.

WTI Crude Oil: $53.18 (+$0.42, +0.79%)
Crude oil prices advanced to two-weeks high, supported by both OPEC and non-OPEC production cuts. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,208.94 (-$8.91, -0.73%)
Gold prices retreated on the back of the stronger US Dollar against a basket of currencies. The US1,250 will serve as the immediate resistance level.

Bursa Malaysia Trade Statistics - 24 Jan 17
Institutions:  Net BUY 3.6 mln (63.4%)
Retail:  Net SELL 47.3 mln (11.1%)
Foreign:  Net BUY 43.7 mln (25.5%)

Potential Momentum Stocks - 25 Jan 17 
Stock Name: BENALEC (5190)
Entry: Buy above RM0.415
Target: RM0.45 (8.4%), RM0.49 (18.1%)
Stop: RM0.395 (-4.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: FAJAR (7047)
Entry: Buy above RM0.59
Target: RM0.625 (5.9%), RM0.67 (13.6%)
Stop: RM0.555 (-5.9%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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