Dow Jones: 21,008.65 pts (-20.82pts, -0.10%)
U.S. stockmarkets retreated overnight, weighed down by financials-related stocks over concerns interest rate hikes will increase at a slower pace, as inflation continued to linger below the Federal Reserve's target. Near-term support will be located around the 21,000.

FBM KLCI: 1,765.87 pts (+0.53pts, +0.03%)
The local bourse finished marginally higher despite lingering mostly in the negative territory, amid portfolio rebalancing activities. The key-index is likely to stay rangebound in-between 1759 to 1783. 

Crude Palm Oil: RM2,499 (-RM5, -0.20%)
Crude palm oil declined 0.2%, as expectations of higher outputs from Indonesia and Malaysia in the 2H2017 offset the stronger demand for crude palm oil ahead of the Ramadan festivals. Support is envisaged around RM2,450.

WTI Crude Oil: $48.32 (-$1.39, -2.83%)
Crude oil recovered from intraday low, albeit still closing in the red amid persistent concerns over burgeoning stockpiles, ahead of the U.S. weekly crude oil inventory data. Oil prices might trend in-between US$47 to US$50.

Gold: $1,268.92 (+$4.93, +0.39%)
Gold prices climbed higher despite a choppy trade as investors pile into safe-haven assets, amid heightened political uncertainties in the U.S. and European countries. Next resistance will be pegged around US$1290.

Economic Releases:
CN - China Caixin Manufacturing - 1Apr17, 9.45AM
US - United States ISM Purchasing Manager Index - 1Apr17, 10.00PM

Bursa Malaysia Trade Statistics - 31 May 17
Institutions:  Net SELL 12.0 mln (35.1%)
Retail:  Net BUY 20.1 mln (9.0%)
Foreign:  Net SELL 8.1 mln (55.9%)

Potential Momentum Stocks - 1 Jun 17 
Stock Name: CHINWEL (5007)
Entry: Buy above RM1.79
Target: RM2.00 (11.7%), RM2.20 (22.9%)
Stop: RM1.61 (-10.1%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: CBIP (7076)
Entry: Buy above RM2.18
Target: RM2.35 (7.8%), RM2.47 (13.3%)
Stop: RM1.91 (-12.4%)
Shariah: Yes
Technical: Symmetrical triangle breakout

Source: Bloomberg, M+ Online

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