M+ Online Market Wrap – 26 Oct 15: KLCI -4.14 pts (-0.24%) @1,706.79 pts. As the Budget 2016 was mostly market neutral, the FBM KLCI started off the week on a weaker note as most market participants undertook profit taking activities amid the slower global economy growth. Meanwhile, the Plantations (+0.4%), FBM Fledging (+0.6%) and Consumer Products (+0.2%) were the only sub-indices that bucked the weaker broader market. On the FBM KLCI, there are 8 advancers, 19 decliners and 3 traded unchanged. WTI Crude oil price stood at US$44.90.

Volume: 1.91 bln (3-month avg vol: 2.01 bln) & Value: 1.80 bln; up 402, down 466
FCPO -RM45@RM2,283
Dow Futures -33

Active stocks:
RGB +1.5sen@RM0.165, INSTACO +1.0sen@RM0.25, CAP@RM0.11, XOX -0.5sen@RM0.225

Potential stocks:

EWEIN +7.0sen@RM0.825, price broke above the RM0.815 level with high volumes. The MACD Line has indicated a “Buy” signal.

SCICOM +14.0sen@RM2.11, price surged above the EMA 9 level with high volumes. The MACD Line has given a “Buy” signal. The RSI however indicates an overbought level. Trailing stop loss is located around the EMA 9 level.

KKB +11.0sen@RM1.74, price is well supported above the EMA 9 level with surge in volumes. The MACD Histogram has turned green.

Source: Bloomberg, M+ Online

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