M+ Online Market Wrap – 23 Oct 15: KLCI +5.84 pts (+0.34%) @1,710.93 pts. Despite the positive closing, the FBM KLCI snapped its third straight weekly winnings amid the lower crude oil prices and weaker Ringgit. Meanwhile, the lower liners and broader market also ended mostly positive with the exception of Technology (-0.7%) and Mining (-0.8%) sub-indices. On the FBM KLCI, there are 18 advancers, 5 decliners and 7 traded unchanged. WTI Crude oil price stood at US$45.50.

Volume: 2.42 bln (3-month avg vol: 2.00 bln) & Value: 2.01 bln; up 525, down 318
FCPO -RM54@RM2,317 / Dow Futures +48

Active stocks:
XOX +0.5sen@RM0.23, TMS +1.0sen@RM0.10, XDL @RM0.115, BORNOIL +1.5sen@RM0.21

Potential stocks:

EVERGRN +14.0 sen@RM2.19, price broke above the RM2.11 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level.

ECONBHD +5.5 sen@RM1.00, price surged above the EMA 9 level with high volumes. The MACD Line has given a “Buy” signal, while the RSI is inches below the overbought level. Trailing stop loss is located around the EMA 9 level.

MKLAND +2.0 sen@RM0.39, follow through buying interest above the RM0.37 level with surge in volumes. The MACD Histogram has extended another green bar.

Source: Bloomberg, M+ Online

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