Dow Jones: 23,924.98 pts (-174.07pts, -0.72%)
U.S. stockmarkets retreated overnight as the Dow fell 0.7% after the U.S. Federal Reserve kept its benchmark interest rate unchanged, while signal for a higher inflation rate. The immediate resistance is located at 25,000.

FBM KLCI: 1,852.03 pts (-18.34pts, -0.98%)
The FBM KLCI (-1.0%) erased all its previous three session gains yesterday amid the sluggish Nikkei manufacturing PMI data coupled with uncertainty surrounding the upcoming general election (GE14). The immediate support is located at 1,830.

Crude Palm Oil: RM2,363 (+RM1, +0.04%)
Crude palm oil prices closed on a flat note after trimming most of its intraday gains amid the bearish outlook on production and inventory level. The immediate support is envisaged around RM2,350.

WTI Crude Oil: $67.93 (+$0.68, +1.01%)
Crude oil prices rebounded after U.S. plans to re-impose sanctions on Iran which could potentially disrupt exports.  The immediate resistance is located at US$70.

Gold: $1,304.96 (+$1.11, +0.09%)
Gold prices rebounded but gains were capped due to the appreciation of U.S. Dollar against a basket of currencies. The immediate resistance will be pegged around US$1,360.

Economic Releases:
EU - Eurozone's Producer Price Index, 5.00PM
US - United States' ISM Non-Manufacturing PMI, 10.00PM

Bursa Malaysia Trade Statistics - 2 May 18
Institutions:  Net BUY 324.6 mln (52.6%)
Retail:  Net SELL 32.9 mln (15.3%)
Foreign:  Net SELL 291.7 mln (32.1%)

Potential Momentum Stocks - 3 May 18 
Stock Name: GHLSYS (0021)
Entry: Buy above RM1.30
Target: RM1.39 (6.9%), RM1.47 (13.1%)
Stop: RM1.25 (-3.8%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: SEM (5250)
Entry: Buy above RM1.53
Target: RM1.58 (3.3%), RM1.63 (6.5%)
Stop: RM1.47 (-3.9%)
Shariah: No
Technical: Monitor for trendline breakout

Source: Bloomberg, M+ Online

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