M+ Online Market Wrap – 29 Dec 15: KLCI +14.63 pts (+0.88%) @1,685.36 pts. The FBM KLCI trended higher for the fourth straight session, owing to the window dressing activities amongst selective O&G and plantation heavyweights. Also, the lower liners ended mostly higher with the exception of the FBM Ace sector (-0.4%), while the broader market traded in the positive territory. On the FBM KLCI, there are 26 advancers, 3 decliners and 1 traded unchanged. WTI Crude oil price stood at US$36.98.

Volume: 1.95 bln (3-month avg vol: 2.15 bln) & Value: 1.80 bln;  Up: 452, Down:397

FCPO +RM37@RM2,486
Dow Futures +94

Active stocks: 
HUBLINE@RM0.01, BORNOIL +1.0sen@RM0.16, KTC -1.0sen@RM0.37, LUSTER +0.5sen@RM0.08 

Potential stocks:

MINHO +7.0sen@RM1.51, price has formed a flag-formation breakout above the RM1.46 level with improved volumes. The MACD Histogram has turned green, but the RSI is overbought. 

PBA +7.0sen@RM1.36, price extended its gains above the EMA20 level with high volumes. The MACD Line has given a “Buy” signal, but the RSI is approaching the overbought level. 

STONE +2.0sen@RM0.41, price has re-tested the RM0.425 resistance level, after rebounded off the EMA20 level. The MACD Histogram has extended another green bar, while the RSI stayed above the 50 level.

Source: Bloomberg, M+ Online

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