Dow Jones: 20,919.42 pts (-23.69pts, -0.11%)
U.S. stockmarkets staged a pullback on Thursday, as investors booked profits amid political uncertainties and lacklustre retail earnings. Support is pegged around 20,767 pts.

FBM KLCI: 1,775.39 pts (+8.83pts, +0.50%)
The Main Board ended 0.5% higher, after hitting its resistance at 1780 pts, on the back of positive sentiments spilled over from the U.S. stockmarkets after Wall Street closed at record highs, coupled with a surge in crude oil prices. FBM KLCI may trade between 1750 to 1780.

Crude Palm Oil: RM2,672 (+RM44, +1.67%)
Crude palm oil prices rose on Thursday, spurred by slower-than-anticipated recovery in palm oil production, ahead of the Muslim festivals. Next resistance is located around RM2,800.

WTI Crude Oil: $47.83 (+$0.50, +1.06%)
Crude oil prices extended its gains for the second straight day, as investors look forward to an extension of output cuts by the OPEC. Next resistance is envisaged around US$48.

Gold: $1,225.04 (+$5.94, +0.49%)
Following a choppy trade, bullion finished higher, sparked by political uncertainty in the U.S. and weak quarterly results posted by retailers. Support is located around the US$1,218.

Economic Releases:
EU - Euro Area Industrial Production - 12 May 17, 5.00PM
US - Retail Sales - 12 May 17, 8.30PM
US - US Inflation Rate - 12 May 17, 8.30PM

Bursa Malaysia Trade Statistics - 11 May 17
Institutions:  Net SELL 233.3 mln (59.7%)
Retail:  Net SELL 39.1 mln (17.4%)
Foreign:  Net BUY 272.4 mln (22.9%)

Potential Momentum Stocks - 12 May 17 
Stock Name: DSONIC (5216)
Entry: Buy above RM1.340
Target: RM1.38 (3.0%), RM1.42 (6.0%)
Stop: RM1.30 (-3.0%)
Shariah: Yes
Technical: Breakout momentum trade

Stock Name: RUBEREX (0168)
Entry: Buy above RM0.805
Target: RM0.845 (5.0%), RM0.885 (9.9%)
Stop: RM0.79 (-1.9%)
Shariah: Yes
Technical: Breakout momentum trade

Source: Bloomberg, M+ Online

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