Dow Jones: 20,896.61 pts (-22.81pts, -0.11%)
Wall Street continue to see mild selling-pressure, weighed down by the weakness in retail stocks as investors digested the latter's lower-than-expected quarterly results and mixed economic data. Support is pegged around 20,767 pts.

FBM KLCI: 1,775.87 pts (+0.48pts, +0.03%)
The FBM KLCI ended the week on a flattish tone, as profit-taking activities in Petronas-linked counters weighed on the key-index on Friday. FBM KLCI may trade between 1750 to 1780.

Crude Palm Oil: RM2,651 (-RM21, -0.79%)
Crude palm oil prices trimmed its earlier losses, albeit still closing in the red, following the decline in soy oil prices. Support is located around the RM2,500.

WTI Crude Oil: $47.84 (+$0.01, +0.02%)
Crude oil prices flatlined, as rising U.S. crude oil production overshadowed OPEC's efforts in reducing supply glut. Next resistance is envisaged around US$48.

Gold: $1,228.43 (+$3.39, +0.28%)
Gold prices notched 0.3% gains, on rising political uncertainties in the U.S. following the sacking of the FBI head, James Comey. Resistance is envisaged around US$1263.

Bursa Malaysia Trade Statistics - 12 May 17
Institutions:  Net SELL 126.0 mln (59.5%)
Retail:  Net SELL 2.3 mln (22.4%)
Foreign:  Net BUY 128.3 mln (18.1%)

Potential Momentum Stocks - 15 May 17 
Stock Name: GCB (5102)
Entry: Buy above RM1.04
Target: RM1.12 (7.7%), RM1.18 (13.5%)
Stop: RM0.995 (-4.3%)
Shariah: No
Technical: Breakout momentum trade

Stock Name: SKPRES (7155)
Entry: Buy above RM1.31
Target: RM1.35 (3.1%), RM1.42 (8.4%)
Stop: RM1.28 (-2.3%)
Shariah: Yes
Technical: Rebound momentum trade

Source: Bloomberg, M+ Online

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