M+Online: KLCI +1.38 pts (+0.08%) @1,718.20 pts. The FBM KLCI extended its gains for the tenth consecutive time - on track for a potential weekly positive closing ahead of the Budget 2016. The Consumer Products (-1.0%), FBM Ace (-1.0%) and Properties (-0.2%), however underperformed on the back of a slightly positive broader market. On the FBM KLCI, there are 15 advancers, 9 decliners and 6 traded unchanged. WTI Crude oil price stood at US$46.71.

Volume: 2.57 bln (3-month avg vol: 1.96 bln) & Value: 2.06 bln; up 428, down 417
FCPO -RM30@RM2,272 / DowFut -22

Active stocks:
MQTECH -1.5sen@RM0.12, TMS@RM0.105, AIRASIA +6.0sen@RM1.57, UTOPIA +0.5sen@RM0.04

Potential stocks:

MIECO +9.5sen@RM1.02, price broke above the psychological level of RM1.00 with high volumes. The MACD Histogram has extended another green bar, while the RSI just crossed above the 50 level.

VS +11.0sen@RM1.52, price closed at its all-time-high of RM1.50 with higher-than-average volumes. The MACD Histogram has extended another green bar, while the RSI just crossed above the 50 level.

LCTH +3.5sen@RM0.715, price is well supported above the EMA 9 level. The MACD Histogram has extended another green bar, while the RSI is approaching the overbought level. Trailing stop loss is located around the EMA 9 level.

Source: Bloomberg, M+ Online

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