M+Online Market Wrap – 19 Nov 15: KLCI +3.56 pts (+0.21%) @1,660.06 pts. Following the sharp rally in Wall Street overnight, the FBM KLCI rebounded, owing to the buying support amongst selective index heavyweights coupled with the stronger Ringgit against the USD. The lower liners continue to trend higher, while the construction (-0.4%), Properties (-0.2%) and Plantations (-0.4%) sectors underperformed the broader market. On the FBM KLCI, there are 16 advancers, 7 decliners and 7 traded unchanged. WTI Crude oil price stood at US$40.69.

Volume: 3.43 bln (3-month avg vol: 2.15 bln) & Value: 2.12 bln :arrow_up::501, ::arrow_down:425 
FCPO -20RM@RM2,298
Dow Futures +65

Active stocks: 
INSTACO +5.0sen@RM0.315, HIBISCS +5.5sen@RM0.285, GENETEC +3.0sen@RM0.225, EAH +2.0sen@RM0.135 

Potential stocks:

TNLOGIS +9.0sen@RM1.46, price formed a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level. 

EDUSPEC +1.5sen@RM0.35, price experienced a breakout above the RM0.34 level with high volumes. The MACD Line has given a “Buy” signal, while the RSI is approaching the overbought level. 

SUNCON +3.0sen@RM1.33, price has re-tested the all-time high of the RM1.35 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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