Dow Jones: 21,812.09 pts (-87.80pts, -0.40%)
Wall Street ended lower overnight as the Dow fell 0.4% after U.S. President Donald Trump threatens to shut down the government if his proposed border wall between U.S. and Mexico is not funded by the federal government. The immediate support is located at 21,200.

FBM KLCI: 1,772.94 pts (-1.28pts, -0.07%)
The FBM KLCI (-0.1%) retreated yesterday, dragged down by weakness in selective banking heavyweights after the merger between AmBank and RHB Bank fell through. The immediate resistance is located at 1,780.

Crude Palm Oil: RM2,738 (+RM1, +0.04%)
Crude palm oil prices closed relatively unchanged after U.S. decision to impose import duties on biodiesel fuels from Indonesia and Argentina. The immediate resistance is envisaged around RM2,750.

WTI Crude Oil: $48.41 (+$0.77, +1.61%)
Crude oil prices extended their gains after U.S. inventory level declined for the eight straight weeks. The immediate resistance is located at US$50.

Gold: $1,290.96 (+$5.88, +0.46%)
Gold prices advanced amid the renewed political uncertainty in U.S. The immediate resistance will be pegged around US$1300.

Economic Releases:
US - United States' Existing Home Sales, 10.00PM

Bursa Malaysia Trade Statistics - 23 Aug 17
Institutions:  Net BUY 91.1 mln (57.0%)
Retail:  Net SELL 25.8 mln (23.3%)
Foreign:  Net SELL 65.3 mln (19.7%)

Potential Momentum Stocks - 24 Aug 17 
Stock Name: GDEX (0078)
Entry: Buy above RM0.68
Target: RM0.74 (8.8%), RM0.775 (14.0%)
Stop: RM0.65 (-4.4%)
Shariah: No
Technical: Monitor for breakout

Stock Name: GADANG (9261)
Entry: Buy above RM1.28
Target: RM1.37 (7.0%), RM1.40 (9.4%)
Stop: RM1.22 (-4.7%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

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