M+ Online Market Wrap - 20 Oct 15: KLCI -13.17 pts (-0.77%) @1,705.03 pts. Following the profit taking activities amongst most index-linked heavyweights, the FBM KLCI snapped its tenth winning streak and market breadth was negative. However, the Construction (+0.4%) and Industrial Products (+0.1%) sectors managed to buck the trend, while Properties sub-index rose 0.4%. On the FBM KLCI, there are 2 advancers, 26 decliners and 2 traded unchanged. WTI Crude oil price stood at US$45.98.

Volume: 2.13 bln (3-month avg vol: 1.96 bln) & Value: 1.85 bln; up 290, down 623
FCPO +RM46@RM2,320 / DowFut -59

Active stocks:
AIRASIA -5.0sen@RM1.52, UTOPIA@RM0.04, FRONTKN -2.0sen@RM0.20, CAP@RM0.125

Potential stocks:

TDM +3.0sen@RM0.70, follow-through buying interest was seen above the RM0.67 level with high volumes. The MACD Histogram has extended another green bar.

KAREX +14.0sen@RM3.49, price breached above its resistance level of RM3.45 with high volumes. The MACD Histogram has extended another green bar.

SIGN +9.0sen@RM2.46, price closed above the EMA 9 level with slight improvement in volumes. The MACD Histogram has extended another green bar, while the RSI has just crossed above the 50 level.

Source: Bloomberg, M+ Online

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