Dow Jones: 24,824.01 pts (+104.79pts, +0.42%)
U.S. stockmarkets started off the year on a firm footing as the Dow gained 0.4%, anchored by gains in technology stocks after the Greenback continue to depreciate against a basket of currencies. The immediate resistance is located at 25,000.

FBM KLCI: 1,782.70 pts (-14.11pts, -0.79%)
Quick profit taking activities coupled with the soft manufacturing data sent the FBM KLCI (-0.8%) to halt its three consecutive winning streak. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,532 (+RM29, +1.16%)
Crude palm oil prices rebounded taking cue from the gains in soybean oil prices. The immediate resistance is envisaged around RM2,550.

WTI Crude Oil: $60.37 (-$0.05, -0.08%)
Crude oil prices ended marginally lower as escalation tension in Iran failed to disrupt its crude oil exports. The immediate resistance is located at US$63.

Gold: $1,317.56 (+$14.76, +1.13%)
Gold prices registered its eighth 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:
CN - China's Caixin Manufacturing PMI, 9.45AM
US - United States' ISM Manufacturing PMI, 11.00PM

Bursa Malaysia Trade Statistics - 2 Jan 18
Institutions:  Net SELL 172.8 mln (52.1%)
Retail:  Net BUY 14.5 mln (34.3%)
Foreign:  Net BUY 158.3 mln (13.6%)

Potential Momentum Stocks - 3 Jan 18 
Stock Name: JAKS (4723)
Entry: Buy above RM1.53
Target: RM1.65 (7.8%), RM1.75 (14.4%)
Stop: RM1.45 (-5.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: KGB (0151)
Entry: Buy above RM0.85
Target: RM0.895 (5.3%), RM0.95 (11.8%)
Stop: RM0.81 (-4.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

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