M+ Online Market Wrap – 5 Jan 16: KLCI +12.33 pts (+0.75%) @1,665.70 pts. The FBM KLCI rebounded strongly to recoup some of its Monday losses on bargain hunting activities. Meanwhile, Mining sector was the only sub-index decliner on the back of a positive market breadth. On the FBM KLCI, there are 19 gainers, 7 losers and 4 unchanged stocks. WTI Crude oil price stood at US$36.92.

Volume: 1.83 bln (3-month avg vol: 2.16 bln) & Value: 1.94 bln ⬆:541, :⬇346    
FCPO +RM16@RM2,452
Dow Futures -72

Active stocks:    
KTC +4.5sen@RM0.45, XOX +0.5sen@RM0.205, INSTACO +0.5sen@RM0.285, APFT +1.0sen@RM0.245

Potential stocks:

KEINHIN +12.0sen@RM1.02, price closed at an all-time high of RM1.02. The MACD Histogram has turned green. Trailing stop loss is located around the EMA 9 level as the RSI indicates an overbought status.

EVERGRN +21.0sen@RM2.51, price closed at 10-year high of RM2.51 with higher volumes. The MACD Histogram has turned green, while the RSI just crossed above the 50 level.

MUDA +29.0sen@RM2.32, price has formed a bullish engulfing bar with slight improvement in volumes. The MACD Line has extended another green bar.
    
Source: Bloomberg, M+ Online

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