Dow Jones: 19,890.94 pts (+26.85pts, +0.14%)
Wall Street rebounded overnight as the Dow (+0.1%) halted a streak of four consecutive losses after the US Federal Reserve kept its benchmark interest rates unchanged.

FBM KLCI: 1,671.54 pts (-14.82pts, -0.88%)
Tracking the renewed volatility in Wall Street, the FBMKLCI (-0.9%) to extend its losses in its previous session. The immediate resistance level is located around the 1,700 level.

Crude Palm Oil: RM3,029 (-RM41, -1.34%)
Crude palm oil prices retreated, marking its first monthly decline since July 2016. The RM3,000 level will serve as the immediate support level.

WTI Crude Oil: $53.88 (+$1.07, +2.01%)
Crude oil prices rose after U.S. oil production fell by 0.5% W.o.W. Crude oil prices might trend towards the US$55-US$60 levels.

Gold: $1,209.84 (-$0.88, -0.07%)
Gold prices retreated but managed to pare most of its intraday losses after the US Federal Reserve kept its interest rates unchanged. The US1,250 will serve as the immediate resistance level.

Economic Releases:
EU - Eurozone's Producer Price Index - 2 Feb 17, 6.00PM
UK - UK's Bank of England Monetary Policy Decision - 2 Feb 17, 8.00PM

Bursa Malaysia Trade Statistics - 1 Feb 17
Institutions:  Net BUY 11.6 mln (55.0%)
Retail:  Net BUY 21.4 mln (12.1%)
Foreign:  Net SELL 33.0 mln (32.9%)

Potential Momentum Stocks - 2 Feb 17 
Stock Name: LEESK (8079)
Entry: Buy above RM0.30
Target: RM0.325 (8.3%), RM0.335 (11.7%)
Stop: RM0.285 (-5.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: CBIP (7076)
Entry: Buy above RM2.010
Target: RM2.15 (7.0%), RM2.34 (16.4%)
Stop: RM1.97 (-2.0%)
Shariah: No
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

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