M+ Online Market Wrap – 21 Dec 15: KLCI -14.81 pts (-0.90%) @1,629.09 pts. The FBM KLCI registered its second consecutive day of losses, as the selloff was evident amongst the banking and O&G heavyweights. Meanwhile, the Construction sector (+0.3%) bucked the broader negative market. On the FBM KLCI, there are 2 advancers, 25 decliners and 2 traded unchanged. WTI Crude oil price stood at US$34.47.

Volume: 1.83 bln (3-month avg vol: 2.14 bln) & Value: 1.57 bln :⬆352, :⬇520    
FCPO +RM39@RM2,441
Dow Futures +136

Active stocks:    
COMCORP +7.5sen@RM0.715, EMICO +14.5sen@RM0.41, RGB@RM0.185,
CAP -0.5sen@RM0.075.

Potential stocks:

KEURO +10.0sen@RM1.03, price has surged above the RM1.00 psychological level with high volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought.

CWORKS +4.0sen@RM0.35, price has formed a breakout-pullback-continuation pattern above the EMA9 level with high volumes. The MACD Histogram has turned green, but the RSI hovers marginally below the overbought level.

KPSCB +4.5sen@RM0.54, price experienced a breakout above the RM0.51 level. The MACD Line has given a “Buy” signal. Trailing stop is located around the RM0.50 level.

Source: Bloomberg, M+ Online

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