M+ Online Market Wrap – 9 Nov 15: KLCI +0.41 pts (+0.02%) @1,686.11 pts. Following the last-minute buying support amongst selective index heavyweights, FBM KLCI closed marginally higher. Meanwhile, the Industrial (-0.2%), Consumer Products (-0.1%) and Finance (-0.1%) sectors underperformed the broader market, while the lower liners ended higher. On the FBM KLCI, there are 16 advancers, 11 decliners and 3 traded unchanged. WTI Crude oil price stood at US$44.51.

Volume: 2.10 bln (3-month avg vol: 2.11 bln) & Value: 1.70 bln; up:434, down:469    
FCPO +RM62@RM2,384
Dow Futures -30

Active stocks:    
ARMADA +11.5sen@RM1.11, INSTACO +1.5sen@RM0.21, TMS +0.5sen@RM0.105, AIRASIA -7.0sen@RM1.37

Potential stocks:

LBALUM +3.0sen@RM0.545, price experienced a breakout above the 0.52 level consolidation level with high volumes. The MACD Line has given a “Buy” signal, while the RSI has crossed above the 50 level.

LUXCHEM +8.0sen@RM1.70, price formed a breakout-pullback-continuation pattern above the EMA9 level with improved volumes. The MACD Histogram has turned green, but the RSI is overbought. Trailing stop loss is located around the RM1.63 (EMA 9) level.

TMCLIFE +1.5sen@RM0.575, price experienced a breakout above the RM0.565 consolidation level and re-tested the EMA120 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level.

Source: Bloomberg, M+ Online

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