M+ Online Market Wrap – 2 Dec15: KLCI -5.60 pts (-0.33%) @1,676.77 pts. The FBM KLCI gave up most of its previous session gains, owing to the emergence of mild profit taking activities amongst selective telco and plantation heavyweights. Meanwhile, the lower liners also ended in the red with the exception of FBM Fledging (+0.1%) amidst the mixed broader market. On the FBM KLCI, there are 9 advancers, 18 decliners and 3 traded unchanged. WTI Crude oil price stood at US$41.47.

Volume: 1.96 bln (3-month avg vol: 2.21 bln) & Value: 1.85 bln :arrow_up::423, ::arrow_down:426 
FCPO -RM7@RM2,332
Dow Futures +18

Active stocks: 
XOX -7.0sen@RM0.235, GENETEC +1.0sen@RM0.29, INSTACO -1.0sen@RM0.31, WINTONI -1.5sen@RM0.065

Potential stocks:

FIBON +3.0sen@RM0.65, price has formed a breakout-pullback-continuation pattern above the EMA20 level with high volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level. 

POHKONG +1.5sen@RM0.52, price gapped up and re-tested the RM0.52 resistance level with high volumes. The MACD Line has given a “Buy” signal, while the RSI is approaching the overbought level.

EG +5.5sen@RM0.91, price has breakout above the 10-year high of RM0.88 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI is marginally overbought.

Source: Bloomberg, M+ Online

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