M+ Online Market Wrap – 12 Jan 16: KLCI +3.78pts (+0.23%) @1,641.37 pts. The FBM KLCI finally snapped its losing streak as buying interest was centred towards Petronas linked and financial heavyweights. Meanwhile, most of the lower liners (FBM Small Cap and ACE rose 0.1% each) ended in the positive on the back of a mixed broader market. On the FBM KLCI, there are 18 gainers, 6 losers, while 6 stocks were unchanged. WTI Crude oil price stood at US$31.15.

Volume: 1.80 bln (3-month avg vol: 2.16 bln) & Value: 2.12 bln; Up:383, Down:470

FCPO -RM15@RM2,383
Dow Futures +94

Active stocks: 
INSTACO@RM0.28, TIGER -0.5sen@RM0.085, KTC +0.5sen@RM0.45, XOX -1.0sen@RM0.18 

Potential stocks:

DOLMITE +7.0sen@RM0.595, price closed at all-time-high of RM0.595 with high volumes. The MACD Histogram has turned green. Trailing stop loss is located around the EMA 9 level.

BIG +6.5sen@RM0.75, price surged above the EMA 9 level with improved volumes. The MACD Histogram has extended another green bar. 

FPI +9.5sen@RM1.00, price retested its RM1.00 psychological level with high volumes. The MACD Histogram has extended another green bar.

Source: Bloomberg, M+ Online

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