Dow Jones: 24,719.22 pts (-118.29pts, -0.48%)
U.S. stockmarkets pared off its gains for the year in the final trading day of 2017 as the Dow declined 0.5%. The immediate resistance is located at 25,000.

FBM KLCI: 1,796.81 pts (+17.71pts, +1.00%)
The FBM KLCI (+1.0%) rallied to close at its highest level in 2017, lifted by the final hour window dressing activities. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,503 (-RM18, -0.71%)
Crude palm oil prices extended its losses after the Ringgit appreciated against the U.S. Dollar. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $60.42 (+$0.20, +0.34%)
Crude oil prices advanced past the US$60 per barrel level amid the shrinking global glut. The immediate resistance is located at US$63.

Gold: $1,302.80 (+$7.86, +0.61%)
Gold prices recorded its seventh straight winning streak after the U.S. Dollar depreciated against a basket of currencies. The immediate resistance will be pegged around US$1,350.

Economic Releases:
MY - Malaysia's Nikkei Manufacturing PMI, 8.30AM
EU - Eurozone's Markit Manufacturing PMI, 5.00PM

Bursa Malaysia Trade Statistics – 29Dec17
Institutions:  Net BUY 87.7 mln (57.3%)
Retail:  Net SELL 140.0 mln (29.1%)
Foreign:  Net BUY 52.3 mln (13.6%)

Potential Momentum Stocks - 2 Jan 18 
Stock Name: ARMADA (5210)
Entry: Buy above RM0.76
Target: RM0.80 (5.3%), RM0.81 (6.6%)
Stop: RM0.725 (-4.6%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: PANTECH (5125)
Entry: Buy above RM0.645
Target: RM0.69 (7.0%), RM0.71 (10.1%)
Stop: RM0.61 (-5.4%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

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