M+ Online Market Wrap – 18 Nov 15: KLCI -5.03 pts (-0.30%) @ 1,656.50 pts. The FBM KLCI gave up most of its previous session gains, owing to the emergence of mild profit taking activities amongst selective banking heavyweights. Amidst the mixed broader market, the lower liners, however, bucked the negative market to close higher. On the FBM KLCI, there are 8 advancers, 16 decliners and 6 traded unchanged. WTI Crude oil price stood at US$41.25.

Volume: 2.42 bln (3-month avg vol: 2.13 bln) & Value: 2.03 bln :arrow_up::400, ::arrow_down:516 
FCPO +RM24@RM2,317
Dow Futures -21

Active stocks: 
INSTACO +3.5sen@RM0.265, CAP +0.5sen@RM0.09, IDMENSN -0.5sen@RM0.105, HIBISCS -1.5sen@RM0.23

Potential stocks:

HEVEA +11.0sen@RM1.47, price experienced a consolidation breakout above the RM1.41 all-time high level with improved volumes. The MACD Histogram has turned green, but the RSI is hovering within the overbought zone. 

SYF +2.5sen@RM0.505, price formed a bullish engulfing candle after finding some support above the RM0.475 level. The MACD Histogram has turned green, while the RSI is approaching the overbought level. 

SKPRES +4.0sen@RM1.45, price experienced a short-term breakout above the RM1.41 level with high volumes. The MACD Line has given a “Buy” signal, while the RSI hovers above the 50 level. 

Source: Bloomberg, M+ Online

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