M+ Online Market Wrap – 22 Oct 15: KLCI -2.02 pts (-0.12%) @1,705.09 pts. The FBM KLCI traded mostly in the negative territory ahead of the Budget 2016, which is set to be released tomorrow. The lower liners however bucked the market trend – FBM Ace (+0.7%) and FBM Small Cap (+0.3%), while Technology and Properties sub-indices rose 1.8% and 1.0%, respectively. On the FBM KLCI, there are 7 advancers, 18 decliners and 5 traded unchanged. WTI Crude oil price stood at US$45.63.

Volume: 2.44 bln (3-month avg vol: 2.00 bln) & Value: 2.03 bln; up 419, down 456
FCPO +RM4@RM2,371 / DowFut +42

Active stocks:
XOX +4.0sen@RM0.225, UEMS +7.0sen@RM1.27, TMS +0.5sen@RM0.11, INSTACO -1.0sen@RM0.235

Potential stocks:

HEVEA +6.0sen@RM1.34, price has closed at the all-time-high with improvement in volumes. The MACD Line has given a “Buy” signal, while the RSI has crossed above the 50 level.

ELSOFT +12.0sen@RM1.90, price closed above the EMA 9 level with high volumes. The MACD Histogram has turned green.

JCY +3.0sen@RM0.775, price closed above the RM0.765 level with surge in volumes. The MACD Histogram has extended another green bar. Trailing stop loss is located around the EMA 9 level.

Source: Bloomberg, M+ Online

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