M+ Online Market Wrap – 31 Dec 15: KLCI -0.63 pts (-0.04%) @1,692.51 pts. The FBM KLCI snapped a five consecutive winning streak as profit taking activities emerged in selective banking and plantation heavyweights. Subsequently, the key index logged its second consecutive losing streak for the year, falling 3.9% Y.o.Y. The lower liners, however, ended slightly higher with the exception of FBM Fledging (-0.01%) amidst the mixed broader market. On the FBM KLCI, there are 11 advancers, 10 decliners and 9 traded unchanged. WTI Crude oil price stood at US$36.74.

Volume: 1.35 bln (3-month avg vol: 2.14 bln) & Value: 1.33 bln;  up:409, down:419
FCPO -RM26@RM2,469
Dow Futures +14

Active stocks: 
KTC +1.0sen@RM0.420, APFT -0.5sen@RM0.245, TIGER +0.5sen@RM0.09, NEXGRAM +1.0sen@RM0.095 

Potential stocks:

CCB +12.0sen@RM3.38, price gapped up and breakout above the RM3.36 resistance level with high volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level. 

NOTION +2.5sen@RM0.42, price has formed a bullish engulfing candle to close above the EMA120 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. 

XINQUAN +3.5sen@RM0.635, price has formed a breakout-pullback-continuation pattern above the EMA20 level with high volumes. The MACD Line has given a BUY signal while the RSI hovers above the 50 level.

Source: Bloomberg, M+ Online

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