Dow Jones: 20,951.47 pts (-6.43pts, -0.03%)
Benchmark U.S. indices was lacklustre as declines in persistent decline in commodity prices offset upbeat corporate results. Support will be pegged around 20,833.

FBM KLCI: 1,758.67 pts (-13.84pts, -0.78%)
The FBM KLCI (-0.8%) declined yesterday amid sustained profit-taking activities after the Federal Reserve downplayed the recent slowdown in the U.S. economy and maintained its hawkish stance on its interest rates policy.  Psychological support is envisaged at around 1,758.

Crude Palm Oil: RM2,536 (+RM14, +0.56%)
Crude palm oil prices rallied on Thursday, on speculations of higher demands during Ramadan celebrations. Prices are expected to linger between RM2,450 to RM2,600.

WTI Crude Oil: $45.52 (-$2.30, -4.81%)
Crude oil prices saw heavy selling-pressure - led by rising U.S. production and widening stockpiles, coupled with doubts on whether OPEC will extend its production cut beyond June this year. If prices break below US$45, further support will be located at around US$43.

Gold: $1,228.16 (-$10.01, -0.81%)
Prospects of higher U.S. interest rates kept bullion prices under pressure, alongside other commodities. Support is located around the US$1,218.

Economic Releases:
US - US Unemployment Rate - 5 May 17, 8.30PM
US - US Nonfarm Payroll - 5 May 17, 8.30PM

Bursa Malaysia Trade Statistics - 4 May 17
Institutions:  Net SELL 155.4 mln (62.8%)
Retail:  Net BUY 101.9 mln (20.6%)
Foreign:  Net BUY 53.5 mln (16.6%)

Potential Momentum Stocks - 5 May 17 
Stock Name: IBHD (4251)
Entry: Buy above RM0.65
Target: RM0.70 (7.7%), RM0.745 (14.6%)
Stop: RM0.62 (-4.6%)
Shariah: Yes
Technical: Breakout momentum trade

Stock Name: TAS (5149)
Entry: Buy above RM0.38
Target: RM0.41 (7.9%), RM0.43 (13.2%)
Stop: RM0.36 (-5.3%)
Shariah: Yes
Technical: Breakout momentum trade

Source: Bloomberg, M+ Online

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