M+Online: KLCI +3.57 pts (+0.21%) @1,716.82 pts. Following the incremental positive closing over the 12th-16th October 2015 period, the FBM KLCI extended its weekly gains for the third consecutive time ahead of the Budget 2016, which is scheduled to be tabled next week. Despite the mostly positive broader market, the Consumer Products and Construction sub-indices however fell by 0.4% and 0.1%, respectively. On the FBM KLCI, there are 14 advancers, 13 decliners and 3 traded unchanged. WTI Crude oil price stood at US$47.06.

Volume: 2.58 bln (3-month avg vol: 1.93 bln) & Value: 2.23 bln; up 487,  down 345
FCPO-RM13@RM2,305/DowFut+2

Active stocks:
MQTECH -0.5sen@RM0.135, AIRASIA +5.0sen@RM1.51, XOX +1.0sen@RM0.20, WINTONI +5.5sen@RM0.21

Potential stocks:

HOMERIZ +8.0sen@RM1.19, price surged above the EMA 9 level with improvement in volumes. The MACD Histogram has turned green.

GOB +5.5sen@RM0.635, price closed above the RM0.615 level with high volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level.

GKENT +7.0sen@RM1.68, follow-through buying interest was seen above the RM1.61 level with improved volumes. The MACD Histogram has turned green.

Source: Bloomberg, M+ Online

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