M+ Online Market Wrap – 11 Nov 15: KLCI -20.79 pts (-1.23%) @1,665.32 pts. The FBM KLCI closed sharply lower, on the back of the selloffs in selective banking and plantation heavyweights. Meanwhile, both the lower liners and broader market were also splashed in red – the latter saw the Finance sector (-1.9%) took the heaviest beating. On the FBM KLCI, there are 4 advancers, 25 decliners and 1 traded unchanged. WTI Crude oil price stood at US$43.76.

Volume: 2.34 bln (3-month avg vol: 2.12 bln) & Value: 2.31 bln ⬆:279, :⬇710    
FCPO -RM52@RM2,330
Dow Futures +43

Active stocks:    
HIBISCS -6.0sen@RM0.305, ARMADA -6.0sen@RM1.05, TMS -0.5sen@RM0.10, AEMULUS +4.0sen@RM0.605

Potential stocks:

CHHB +6.0sen@RM1.10, price experienced a breakout above the RM1.04 resistance level and closed above the EMA120 level with high volumes. The MACD Histogram has extended another green bar, but the RSI is overbought.

DOMINAN +4.0sen@RM1.19, price experienced a breakout above the RM1.17 resistance level and re-tested the EMA60 level with high volumes. The MACD Histogram has turned green, but the RSI is slightly overbought.

RUBEREX +2.5sen@RM0.845, price formed a breakout-pullback-continuation above the EMA9 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI continues to hover above the 50 level.

Source: Bloomberg, M+ Online

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