M+ Online Market Wrap – 7 Jan 16: KLCI -12.84 pts (-0.77%) @1,655.13 pts. The FBM KLCI snapped its winning streak amid the selloff in more than two thirds of the index-linked heavyweights and softer crude oil prices, which fell to the lowest point in 11 years. Concurrently, the Mining sector (+3.3%) was the only outperformer on the back of a negative broader market, while lower liners tumbled. On the FBM KLCI, there are 3 gainers, 22 losers and 5 unchanged stocks. WTI Crude oil price stood at US$32.79.

Volume: 3.05 bln (3-month avg vol: 2.19 bln) & Value: 2.27 bln; Up:253, Down:721
FCPO -RM25@RM2,423
Dow Futures -436

Active stocks: 
HUBLINE@RM0.01, INSTACO -1.5sen@RM0.285, APFT -1.0sen@RM0.24, AIRASIA -5.0sen@RM1.39 

Potential stocks:

LEONFB +2.5sen@RM0.48, price broke above its resistance of RM0.465 with high volumes. The MACD Histogram has extended another green bar. 

WELLCAL +14.0sen@RM2.82, price closed at its all-time high level of RM2.82 with high volumes. The MACD Histogram has extended another green bar. Trailing stop loss is located around the EMA 9 level as the RSI indicates an overbought level.

CAELY +1.5sen@RM0.585, price traded above the RM0.57 and stayed above EMA9. The MACD Line has given a ‘Buy’ signal, while the RSI hovers above the 50 level.

Source: Bloomberg, M+ Online

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