M+ Online Market Wrap – 28 Dec 15: KLCI +7.22 pts (+0.43%) @1,670.73 pts. The FBM KLCI trended higher for the third straight session, led by gains in O&G and banking heavyweights. Concurrently, the lower liners also ended in the positive territory with the exception of the FBM Fledging (-0.1%), while the broader market ended mixed. On the FBM KLCI, there are 18 advancers, 9 decliners and 3 traded unchanged. WTI Crude oil price stood at US$37.35.

Volume: 1.91 bln (3-month avg vol: 2.16 bln) & Value: 1.72 bln; Up: 493; Down: 418
FCPO -RM40@RM2,447
Dow Futures -32

Active stocks: 
KTC +7.0sen@RM0.38, COMCORP +9.0sen@RM0.835, INSTACO +0.5sen@RM0.275, RGB +0.5sen@RM0.19 

Potential stocks:

FFHB +4.5sen@RM0.825, price has formed a flag-formation breakout above the RM0.76 level to close at an all-time high level. The MACD Histogram has turned green, but the RSI hovers marginally below the overbought level. 

FIBON +4.5sen@RM0.675, price has formed a breakout-pullback-continuation pattern above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level. 

VS +7.0sen@RM1.68, price experienced a breakout above the all-time high of the RM1.64 level with high volumes. The MACD Histogram has turned green, but the RSI is overbought.

Source: Bloomberg, M+ Online

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