M+ Online Market Wrap – 6 Jan 16: KLCI +2.27 pts (+0.14%) @1,667.97 pts. The FBM KLCI extended its winning streak for the second straight session on the back of gains in selected conglomerates and financial heavyweights. Meanwhile, all of the sub-indices ended in the positive territory, including most of the lower liners. On the FBM KLCI, there are 14 gainers, 9 losers and 7 unchanged stocks. WTI Crude oil price stood at US$35.52.

Volume: 2.43 bln (3-month avg vol: 2.17 bln) & Value: 2.31 bln; Up:595, Down:321
FCPO @RM2,454
Dow Futures -171

Active stocks: 
INSTACO +1.5sen@RM0.30, KTC -1.0sen@RM0.44, RGB +0.5sen@RM0.19, TIGER@RM0.09 

Potential stocks:

CHEEWAH +15.0sen@RM1.65, price closed at an all-time high of RM1.65. The MACD Histogram has turned green. Trailing stop loss is located around the EMA 9 level as the RSI indicates an overbought status.

MUDAJYA +9.0sen@RM1.31, price closed above the RM1.27 level, which also coincides closely to the EMA 200 level with surge in volumes. The MACD Histogram has extended another green bar. 

KIMLUN +7.0sen@RM1.54, price continues to close above the EMA 9 level with improvement in volumes. The MACD Line has extended another green bar, while the RSI hovers above the 50 level.

Source: Bloomberg, M+ Online

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