Dow Jones: 20,052.42 pts (-19.04pts, -0.09%)
U.S. stockmarkets staged a mild pullback as the Dow fell 0.1% but managed to hold above the 20,000 psychological level on uncertainty over President Donald Trump pro-growth policy.

FBM KLCI: 1,691.24 pts (+6.23pts, +0.37%)
Buying support amongst selective telco heavyweights sent the FBMKLCI (+0.4%) higher for the third consecutive day. The immediate resistance level is located around the 1,700 level.

Crude Palm Oil: RM3,068 (+RM13, +0.43%)
Crude palm oil prices advanced on potential decline in output. The RM3,000 level will serve as the immediate support level.

WTI Crude Oil: $53.01 (-$0.82, -1.53%)
Crude oil prices erased all its previous session gains as the revival of US shale drilling dampened the supply and demand rebalancing outlook. Crude oil prices might trend between the US$50-US$55 levels.

Gold: $1,235.53 (+$15.23, +1.25%)
Gold prices rose for the third straight session to three months high on higher demand in safe haven assets. The US1,250 will serve as the immediate resistance level.

Bursa Malaysia Trade Statistics - 6 Feb 17
Institutions:  Net SELL 180.9 mln (64.6%)
Retail:  Net SELL 25.4 mln (19.5%)
Foreign:  Net BUY 206.3 mln (15.9%)

Potential Momentum Stocks - 7 Feb 17 
Stock Name: BHS (7241)
Entry: Buy above RM0.425
Target: RM0.45 (5.9%), RM0.48 (12.9%)
Stop: RM0.405 (-4.7%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: MINHO (5576)
Entry: Buy above RM0.60
Target: RM0.65 (8.3%), RM0.695 (15.8%)
Stop: RM0.555 (-7.5%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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