Dow Jones: 20,957.90 pts (+8.01pts, +0.04%)
Wall Street narrowed on Wednesday amid the weakness in commodities and lower-than-anticipated quarterly results from Apple. The Dow, however, managed to claw back intraday losses in the eleventh hour, closing in the green. Resistance will be pegged around 21,000.

FBM KLCI: 1,772.51 pts (-5.96pts, -0.34%)
The FBM KLCI (-0.3%) slid into the red as investors booked profits on selected heavyweights, while the majority of the lower liners and broader market constituents also ended mostly in the negative territory despite rebounding from intraday losses. Psychological support is located around 1,758.

Crude Palm Oil: RM2,522 (-RM26, -1.02%)
Crude palm oil prices declined on Wednesday, dragged down by last minute selling pressure. Prices are expected to trade between RM2,450 to RM2,600.

WTI Crude Oil: $47.82 (+$0.16, +0.33%)
Crude oil prices took a breather from its recent declined, on the back of buying-interest as prices traded close to its psychological support at US$47.

Gold: $1,238.17 (-$18.59, -1.48%)
Gold prices retreated as investors fled safe-haven assets, in favour of higher returns in the emerging markets. Further support will be envisaged at US$1,218.

Economic Releases:
US - US Federal Reserve Interest Rate Decision - 4 May 17, 2.00AM
EU - Euro Area Markit Eurozone Composite PMI - 4 May 17, 4.00PM
EU - Euro Area Markit Eurozone Services PMI - 4 May 17, 4.00PM
EU - Euro Area Retail Sales Eurozone - 4 May 17, 5.00PM

Bursa Malaysia Trade Statistics - 3 May 17
Institutions:  Net SELL 120.6 mln (62.1%)
Retail:  Net SELL 3.7 mln (23.1%)
Foreign:  Net BUY 124.3 mln (14.8%)

Potential Momentum Stocks - 4 May 17 
Stock Name: EMICO (9091)
Entry: Buy above RM0.34
Target: RM0.37 (8.8%), RM0.415 (22.1%)
Stop: RM0.315 (-7.4%)
Shariah: Yes
Technical: Monitor for breakout momentum trade

Stock Name: MIKROMB (0112)
Entry: Buy above RM0.625
Target: RM0.655 (4.8%), RM0.675 (8.0%)
Stop: RM0.605 (-3.2%)
Shariah: Yes
Technical: Monitor for breakout momentum trade

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.