M+ Online Market Wrap – 4 Jan 16: KLCI -39.14 pts (-2.31%) @1,653.37 pts. The FBM KLCI tumbled on the first trading day of 2015 on weaker banking statistics and lower crude palm oil prices. Concurrently, all of the sub-indices fell into red with the exception of Technology sub-index which rose 0.8%. On the FBM KLCI, there are no gainers or unchanged stocks as all index-linked heavyweights ended in the negative territory. WTI Crude oil price stood at US$37.20.

Volume: 1.92 bln (3-month avg vol: 2.14 bln) & Value: 1.73 bln;  Up:278, Down:708
FCPO -RM52@RM2,433
Dow Futures -278

Active stocks: 
INSTACO +0.5sen@RM0.28, KTC -1.5sen@RM0.405, NEXGRAM +1.0sen@RM0.085, MTRONIC@RM0.075

Potential stocks:

FIBON +4.5sen@RM0.745, price breakout above the RM0.74 level with high volumes. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level. 

BPLANT +11.0sen@RM1.60, price breakout above the RM1.51 level with improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. 

IMASPRO +12.0sen@RM2.00, price has formed a bullish engulfing bar with improved volumes. The MACD Line has turned green.

Source: Bloomberg, M+ Online

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