Dow Jones: 21,891.12 pts (+60.81pts, +0.28%)
U.S. stockmarkets closed mixed overnight as the Dow (+0.3%) was powered to another record closing level, but the S&P 500 shed 0.1% on weakness in technology shares. The next resistance is located at 22,000.

FBM KLCI: 1,760.03 pts (-7.05pts, -0.40%)
The FBM KLCI (-0.4%) edged lower yesterday, dragged down by selloff in selective banking heavyweights from foreign funds. The key index is likely to remain rangebound between the 1,750-1,770 levels.

Crude Palm Oil: RM2,675 (+RM20, +0.75%)
Crude palm oil prices rebounded to record its biggest monthly gain since September 2016. The immediate resistance is envisaged around RM2,700.

WTI Crude Oil: $50.17 (+$0.46, +0.93%)
Crude oil prices edged higher past the US$50 per barrel level as OPEC reduces its shipments to the U.S. The next resistance is located at US$52.

Gold: $1,269.44 (-$0.20, -0.02%)
Gold prices retreated as the Dollar weakened against a basket of currencies. The immediate resistance will be pegged around US$1300.

Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
CN - China's Caixin Manufacturing PMI, 9.45AM
EU - Eurozone's Markit Manufacturing PMI, 4.00PM
US - United States' ISM Manufacturing PMI, 10.00PM

Bursa Malaysia Trade Statistics - 31 Jul 17
Institutions:  Net BUY 21.6 mln (51.2%)
Retail:  Net BUY 42.8 mln (17.9%)
Foreign:  Net SELL 64.4 mln (30.9%)

Potential Momentum Stocks - 1 Aug 17 
Stock Name: JAYCORP (7152)
Entry: Buy above RM1.45
Target: RM1.50 (3.4%), RM1.55 (6.9%)
Stop: RM1.42 (-2.1%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: YSPSAH (7178)
Entry: Buy above RM2.98
Target: RM3.08 (3.4%), RM3.29 (10.4%)
Stop: RM2.92 (-2.0%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Source: Bloomberg, M+ Online

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