M+ Online Market Wrap – 1 Dec 15: KLCI +10.21 pts (+0.61%) @1,682.37 pts. Despite the mild profit taking in Wall Street overnight, the FBM KLCI snapped a three consecutive losing streak, on the back of gains in telco and banking heavyweights. Concurrently, the lower liners and the broader market also ended in the positive territory with the exception of the Plantations sub-index (-0.4%). On the FBM KLCI, there are 17 advancers, 10 decliners and 3 traded unchanged. WTI Crude oil price stood at US$41.98.

Volume: 2.31 bln (3-month avg vol: 2.21 bln) & Value: 2.35 bln :arrow_up::549, :arrow_down::350 
FCPO +RM6@RM2,350
Dow Futues +60

Active stocks: 
UTOPIA +0.5sen@RM0.05, XOX -0.5sen@RM0.305, CSL +0.5sen@RM0.175, INSTACO@RM0.32

Potential stocks:

FGV +8.0sen@RM1.85, price has formed a bullish engulfing candle, after a breakout-pullback-continuation pattern above the EMA60 level. The MACD Histogram has turned green, while the RSI is approaching the 50 level. 

SUNCON +3.0sen@RM1.40, price breakout above the RM1.39 all-time high level with improved volumes. The MACD Histogram has turned green, but the RSI is overbought.

GENETEC +2.0sen@RM0.28, price formed a flag-formation breakout above the RM0.27 level with mild improved volumes. The MACD Histogram has turned green, but the RSI is overbought.

Source: Bloomberg, M+ Online

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