M+ Online Market Wrap – 13 Jan 16: KLCI +1.17pts (+0.07%) @1,642.54 pts. The FBM KLCI extended its positive gains for the second straight session albeit marginal gains. Concurrently, the lower liners continued to register positive closing on the back of a mostly positive broader market as Industrial (-0.3%) and Technology (-1.7%) sub-indices under-performed. On the FBM KLCI, there are 11 gainers, 12 losers, while 7 stocks were unchanged. WTI Crude oil price stood at US$31.29.

Volume: 1.93 bln (3-month avg vol: 2.16 bln) & Value: 1.88 bln; Up:459, Down:371

FCPO +RM14@RM2,396
Dow Futures +144

Active stocks: 
TIGER +1.0sen@RM0.08, SANICHI@RM0.085, DUFU+12.0sen@RM0.63, AAX +2.0sen@RM0.20 

Potential stocks:

SYCAL +2.0sen@RM0.425, price experienced a breakout above RM0.42 level with surge in volumes. The MACD Histogram has turned green, while the RSI hovers above 50 level.

EMICO +3.0sen@RM0.395, price remained well supported above the EMA 9 level with improved volumes. The MACD Line has given a ‘Buy’ signal, but the RSI crossed below the 50 level. 

CAB +11.0sen@RM1.66, price made a consolidation breakout above RM1.60 level with higher volumes. The MACD Histogram has extended another green bar, while the RSI has crossed above the 50 level.

Source: Bloomberg, M+ Online

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