M+ Online Market Wrap – 18 Dec 15: KLCI -12.62 pts (-0.76%) @1,643.90 pts. After the strong surge on Thursday, market participants undertook strong profit taking activities which sent the FBM KLCI lower for the day. Meanwhile, most of the sub-indices, including lower liners also ended in red, with the exception of FBM Fledging (+0.1%) which bucked the market trend. On the FBM KLCI, there are 4 advancers, 21 decliners and 5 remained unchanged. WTI Crude oil price stood at US$35.02.

Volume: 1.74 bln (3-month avg vol: 2.15 bln) & Value: 2.16 bln :arrow_up::335, ::arrow_down:498 
FCPO +RM17@RM2,402
Dow Futures -51

Active stocks: 
INSTACO +0.5sen@RM0.275, COMCORP +27.0sen@RM0.64, AMEDIA +2.0sen@RM0.145, XOX -2.0sen@RM0.205.

Potential stocks:

TECGUAN +7.0sen@RM1.71, price extended its gains after it experienced a trendline breakout above the RM1.60 level. The MACD Histogram has extended another green bar. The trailing stop loss is located around the EMA 9 level. 

FIBON +3.0sen@RM0.65, price closed above the EMA 9 level after two days of consecutive gains amid improvement in volumes. The MACD Histogram has extended another green bar, while the RSI is hovering above the 50 level.

DUFU +3.0sen@RM0.495, price surged above the EMA 9 level with high volumes. The MACD Line has given a “Buy” signal. Trailing stop is located around the EMA 9 level.

Source: Bloomberg, M+ Online

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