M+Online: KLCI +14.92 pts (+0.91%) @1,662.51 pts. Tracking the strong rally on the overnight Wall Street, the FBM KLCI extended its gains by 0.9%, underpinned by strong buying support amongst selective banking and oil and gas heavyweights. The lower liners – FBM Small Cap (+0.3%), FBM Fledging (+0.1%) and FBM Ace (+0.8) continue to inch higher, but the Properties sector (-0.3%) was the sole underperformer on the broader market. On the FBM KLCI, there are 26 advancers and 4 decliners. WTI Crude oil price stood at US$46.14.

Volume: 2.13 bln (3-month avg vol: 1.83 bln) & Value: 2.12 bln ⬆:495, ⬇:363    
FCPO-RM45@RM2,370/DowFut-32

Active stocks:    
XOX@RM0.125, TMS@RM0.100, PUC+2.0sen@RM0.105, INSTACO-0.5sen@RM0.205

Potential stocks:

EG +3.5sen@RM0.63, price formed a bullish engulfing candle to close above the EMA60 level with high volumes. The MACD Histogram has turned green, while the RSI is approaching the 50 level.

GLOMAC +2.0sen@RM0.91, price experienced a breakout above the RM0.90 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching the overbought level.

INSAS +1.5sen@RM0.71, price rose above the EMA120 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI continues to hover above the 50 level.

Source: Bloomberg, M+ Online

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